Agent Page

My Posts/Listings

August 19, 2010| Act Now To Maximize Your Proceeds Before Proposed Changes Go Into Effect October 1, 2010.

If you are considering a Reverse Mortgage the ideal time to move is now before pending increases in annual mortgage insurance and a further anticipated reduction in Principle Limits take effect.  How will these changes affect you? Simply put, higher fees and less money to you. There are several reasons to act now: 1.  Low Rates – The lower the rate, the more money you receive. Today’s... [Read more]

January 14th, 2010 | Delayed Implementation Date for Appraiser Independence

        Delayed Implementation Date for Appraiser Independence Enactment of ML 2009-28, Appraiser Independence, will be delayed until February 15, 2010. ML09-28 (originally planned for a January 1, 2010 implementation) has two parts:  a) prohibition of mortgage brokers and commission-based lender staff from the appraisal process, and b) appraiser selection in FHA Connection.  The effective... [Read more]

December 11, 2009 | Considering a Reverse Mortgage? Act Now Before FHA’s New Rules Go Into Effect January 1st, 2010

          Considering a Reverse Mortgage? Act Now Before FHA’s New Rules Go Into Effect January 1st, 2010 To ensure appraiser independence, FHA-approved lenders in 2010 will be prohibited from accepting appraisals prepared by FHA Roster appraisers who are selected, retained or compensated in any manner by a mortgage broker or any member of a lender’s staff who is compensated on a commission... [Read more]