Comments on: Who Can Be Paid For Originating A Reverse Mortgage? http://www.bestreversemortgage.com/reverse-mortgage/who-can-be-paid-for-originating-a-reverse-mortgage/ The Unofficial Guide to Reverse Mortgages Thu, 20 Nov 2008 21:07:37 +0000 http://wordpress.org/?v=2.6 By: Peter G. Miller http://www.bestreversemortgage.com/reverse-mortgage/who-can-be-paid-for-originating-a-reverse-mortgage/#comment-6823 Peter G. Miller Mon, 26 May 2008 01:03:51 +0000 http://www.bestreversemortgage.com/reverse-mortgage/who-can-be-paid-for-originating-a-reverse-mortgage/#comment-6823 Mark -- If a reverse mortgage is conceptually appropriate for a borrower then surely a borrower is well served by speaking with several lenders. Peter Mark –

If a reverse mortgage is conceptually appropriate for a borrower then surely a borrower is well served by speaking with several lenders.

Peter

]]> By: Mark Burton http://www.bestreversemortgage.com/reverse-mortgage/who-can-be-paid-for-originating-a-reverse-mortgage/#comment-6738 Mark Burton Wed, 21 May 2008 10:49:53 +0000 http://www.bestreversemortgage.com/reverse-mortgage/who-can-be-paid-for-originating-a-reverse-mortgage/#comment-6738 Soliciting opinions on how Advisor compensation is affected by the Final HUD Rule on RESPA, March 1, 1999. In that Federal Register document, it is clear that the advisor, to avoid steering, must recommend three lenders to the borrower. ML 2008-14 doesn't state this specifically, but refers to RESPA. Generally, it seems the industry practice of Advisor referrals is to one lender. Thoughts on this? Thanks Soliciting opinions on how Advisor compensation is affected by the Final HUD Rule on RESPA, March 1, 1999. In that Federal Register document, it is clear that the advisor, to avoid steering, must recommend three lenders to the borrower. ML 2008-14 doesn’t state this specifically, but refers to RESPA. Generally, it seems the industry practice of Advisor referrals is to one lender. Thoughts on this?

Thanks

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