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New Reverse Mortgage Borrower Emerges, LO Comp Debate Continues

NewImage.jpgReverse Fortunes Weekly Podcast Episode #207

A “new” reverse mortgage borrower has emerged, and Reverse Fortunes’ latest podcast talks about just what that borrower is looking for, in light of recent comments made during a congressional hearing on the FHA’s reverse mortgage program. Additionally, Reverse Fortunes’ Shannon Hicks discusses potential changes to loan officer compensation rules that may be upcoming, based on an outline from the Consumer Financial Protection Bureau.

Hicks also talks about the CFPB’s response to industry comments in the LO comp conversation as well as a recent article from CNBC that told readers about today’s options for trading their home equity for incoming payments. .

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Talking Points:

  • A New kind of borrower?
  • CFPB shockwaves from LO comp?
  • We are listening (CFPB)
  • Trade bills for money

Listen now“Reverse Fortunes 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.” Editors Note: These posts are sponsored by Reverse Fortunes.

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