FHA Audit Leads to Premium Raises, Fiscal Cliff Threatens Housing Recovery

NewImage.jpg Reverse Fortunes Weekly Podcast Episode #233

Amid the FHA’s long-awaited audit, Reverse Focus’ latest podcast discusses that in order to shore up finances for its negative $16.3 billion economic state, HUD Secretary Shaun Donovan says FHA plans to raise annual premiums of its froward business by 10 basis points and sell 10,000 delinquent loans per quarter. Currently, the HECM program stands at a negative $2.8 billion.

Reverse Focus’ Shannon Hicks also discusses NRMLA’s Peter Bell settling the score about the pros and cons of reverse mortgages after a local TV news reporter incorrectly referenced high interest rates. Also in the podcast, although months of recent speculation on the housing recovery have shown the number of underwater homeowners has fallen modestly, the impending fiscal cliff threatens growth potential.  

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Talking Points:

  • FHA Audit & who’s premiums will increase
  • One state test for LO’s makes headway
  • NRMLA corrects negative investigative TV report
  • Fiscal cliff could harm housing recovery

Listen now. “Reverse Focus is the ultimate resource for reverse mortgage professionals providing the technology, training and marketing to grow your business. We are your one-stop resource for those committed to taking their business to the next level.” Editor’s Note: These posts are sponsored by Reverse Focus.

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