http://www.bestreversemortgage.com/reverse-mortgage/reverse-mortgage-originations-falter/ The Unofficial Guide to Reverse Mortgages Thu, 20 Nov 2008 17:01:35 +0000 http://wordpress.org/?v=2.6 http://www.bestreversemortgage.com/reverse-mortgage/reverse-mortgage-originations-falter/#comment-7479 Joy Mobley Wed, 18 Jun 2008 19:29:20 +0000 http://www.bestreversemortgage.com/reverse-mortgage/reverse-mortgage-originations-falter/#comment-7479 When is this bill projected to be signed by the President? When is this bill projected to be signed by the President?

]]> http://www.bestreversemortgage.com/reverse-mortgage/reverse-mortgage-originations-falter/#comment-7469 Raymond Denton Tue, 17 Jun 2008 22:51:59 +0000 http://www.bestreversemortgage.com/reverse-mortgage/reverse-mortgage-originations-falter/#comment-7469 Approximately 15% of the homeowners I talk to are waiting for the FHA-modernization bill to pass. Their homes are generally in the 500 to 600 hundred thousand dollar range but FHA's lending limit is too low for the county they live in. They don't need the Reverse Mortgage urgently, so they're waiting for the bill to pass. I've told those homeowners I'll contact them as soon as I hear the Bill will be signed by the President, and we'll start their loan process at that time. Approximately 15% of the homeowners I talk to are waiting for the FHA-modernization bill to pass. Their homes are generally in the 500 to 600 hundred thousand dollar range but FHA’s lending limit is too low for the county they live in. They don’t need the Reverse Mortgage urgently, so they’re waiting for the bill to pass. I’ve told those homeowners I’ll contact them as soon as I hear the Bill will be signed by the President, and we’ll start their loan process at that time.

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