MortgageReverse

HUD Points to Reverse Mortgages, Analysts See Industry Boom in Store

ReverseFocusReverse Focus Weekly Podcast Episode #253

In this week’s Reverse Focus podcast, the Department of Housing and Urban Development (HUD) Secretary Shaun Donovan says reverse mortgages are “largely to blame” for FHA’s negative economic position, and had it not been for them, the agency would be in positive cash territory.

With President Obama’s 2014 budget released last week, industry professionals wonder what changes might be on the horizon for reverse mortgages.

Shannon Hicks also discusses the reverse mortgage industry could experience rapid growth in the coming years, according to a brief from credit ratings firm DBRS, which goes on to say reverse mortgages could be in the position to boom as recessionary pressures impact older Americans’ disposable cash.

Lastly, the housing recovery is the real deal, according to a quarterly survey of bank risk professionals. Experts believe that the latest survey results combined with data that indicates the real estate market is improving in many regions “paints a positive picture.”

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Talking Points:

  • FHA to Congress: Give us the authority to fix program
  • How will Obama Budget affect reverse mortgages?
  • Reverse mortgage industry expected to boom
  • Survey says housing recovery is the “real deal”

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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