Pricing exceptions are widespread in mortgage — and so are the regulatory risks

Read Now
MortgageReverse

Reverse Mortgage Rates – November, 4 2008

The average HECM borrower will have benefits that are $3,000 lower on Tuesday the 4th.

This week, all Treasury-based HECM’s with a margin of +164 or less will pay the HECM maximum benefits. Ditto for LIBOR-based HECM’s with margins of +126 or less. Using these margins, the initial note rate on a LIBOR HECM would be 76 bp more than that on a Treasury HECM.  The rates as of 11/4/08 are:

image

Technorati Tags: Reverse Mortgage,HECM,FHA,HUD,Rates

Reverse Mortgage Rate Updates are brought to you by Jerry Wagner & Ibis Reverse Mortgage Software – The Industry Standard Since 1995. This is not just a slogan — six of the top 10 reverse mortgage originators plus NRMLA and the AARP use Ibis Software for their websites, retail and wholesale businesses.

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular Articles

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please