Disqus - Latest Comments for lancejackson

Re: Watch: International Women’s Day Party Wave

lancejackson — Tue, 09 Mar 2021 21:54:08 -0000

My daughter's UCSB house mate and surf buddy is in this. They've got an incredible crew in that house of smart, sweet, hard working, positive, ocean loving ladies there that surf every time they get a chance. Great to see!

Re: Quiz: Can We Guess What Type of Amp You Play?

lancejackson — Tue, 29 May 2018 15:05:23 -0000

Nailed my amp of choice perfectly!

Re: What Is Grid Modernization—and What’s the Role of Electric Vehicles?

lancejackson — Wed, 13 Sep 2017 20:42:39 -0000

It seems to me that hydrogen fuel cell vehicles would solve some of the issues identified in this article, like grid capacity restraints resulting from EV charging (and thereby reduce the capital required for grid modernization), etc. Although most of the discussions these days center around EVs, I believe hydrogen fuel cell vehicles may be a better solution.

Re: HUD to Raise Premiums, Tighten Limits on Reverse Mortgages

lancejackson — Wed, 30 Aug 2017 14:01:47 -0000

Well said.

Re: Remembering Monte Rose: Reverse Mortgage Industry Pays Respects to Long-Time Vet

lancejackson — Tue, 27 Sep 2016 10:34:47 -0000

Wow, shocked and very sorry to hear this. I met Monte around 2000 when he was at Financial Freedom, and I hired and mentored Monte and Debbie's son when I was at Wells Fargo a few years ago. He was a good guy. Way too soon.

Re: [Updated] FHA Proposes New Consumer Protections for Reverse Mortgages

lancejackson — Thu, 19 May 2016 10:58:01 -0000

Interesting Jim.

Re: In-Home Care Costs More Than Most People Think

lancejackson — Wed, 11 May 2016 14:19:28 -0000

Have you taken a close look at the financial implications of purchasing LTCI using HECM proceeds versus just using the HECM proceeds directly for care, when and if it's needed?

Re: 3 Ways The Reverse Mortgage Industry Can Achieve New Growth

lancejackson — Wed, 11 May 2016 14:15:30 -0000

Well said!

Re: Why Financial Advisors and Reverse Mortgages Don’t Get Along

lancejackson — Wed, 04 May 2016 10:40:08 -0000

I was referring to licensed insurance agents and holders of securities licenses when I referred to FAs.

Re: Why Financial Advisors and Reverse Mortgages Don’t Get Along

lancejackson — Sat, 30 Apr 2016 12:54:59 -0000

Dishonest and greedy people will always find a way around the rules, regardless of what they are. It's my understanding that FA's are regulated with regard to investing home equity, but if they want to do it now they just find a reverse mortgage originator to do the loan (I hope that isn't happening). I stand by my statements that it would be in the best interest of consumers to allow RMs to be part of a broader financial plan orchestrated by an educated, fully armed, and compensated FA.

Re: FOIA Request Sheds New Light on Financial Freedom Reverse Mortgage Foreclosures

lancejackson — Fri, 29 Apr 2016 10:52:39 -0000

I believe that FHA/HUD is required to approve each foreclosure before the servicer proceeds.

Re: Why Financial Advisors and Reverse Mortgages Don’t Get Along

lancejackson — Thu, 28 Apr 2016 10:10:56 -0000

As I stated in response to Bob Green below, allowing FA's to participate in the origination of HECM's could actually reduce the temptation to place the related proceeds into another product, because they would be able to earn revenue from the HECM transaction. Reverse mortgages need to be part of a comprehensive financial planning strategy, when appropriate.

Re: Why Financial Advisors and Reverse Mortgages Don’t Get Along

lancejackson — Thu, 28 Apr 2016 10:06:49 -0000

Hi Bob. My point is that if FA's were allowed to participate in the origination of HECMs when appropriate, FA's would be more likely to include them in a comprehensive retirement planning strategy. That would not change the ethical standards to which FA's are held. It could increase ethical behavior of FA's because they wouldn't feel the need to place the proceeds into another product in order to earn revenue.

Re: Why Financial Advisors and Reverse Mortgages Don’t Get Along

lancejackson — Tue, 26 Apr 2016 11:18:58 -0000

In my opinion, what Jim Veale stated is unfortunate. Like much regulation, it is good intentioned but over reaching. It ties the hands of financial advisors in their efforts to provide clients a complete solution to their financial planning needs.

Re: HUD Teases Upcoming Plans for Reverse Mortgage Program

lancejackson — Thu, 07 Apr 2016 10:59:24 -0000

Well said. Greater acceptance by financial planners could have an impact, but most people don't use one.

Re: CFPB Mortgage Rules Strangle Banks’ Profits by 60%

lancejackson — Mon, 21 Mar 2016 10:14:37 -0000

Interesting stats that show how the cost of regulation increases borrowing costs for homeowners.

Re: For 90-Year Old Advisor, Reverse Mortgage Work is Self Satisfying

lancejackson — Wed, 24 Feb 2016 10:10:49 -0000

Great article

Re: Daily Show Obtains Raw Footage Of Ben Carson Being Held Up At Popeyes

lancejackson — Mon, 12 Oct 2015 15:07:01 -0000

Waste of time, please use some class next time.

Re: iOS Music App Tip: Sort / Filter by Songs, Albums, Artists, & Genre

lancejackson — Tue, 11 Aug 2015 23:35:13 -0000

When I select My Music, Step 2 is not available (no "Artists" to tap on). What a mess. I have an iPhone 5. If I can't find a solution to this I'm switching to a different phone manufacturer for me and all of my employees.

Re: Walter Sees Future Profitability in Reverse Mortgages

lancejackson — Tue, 11 Aug 2015 15:12:00 -0000

I believe that the non-cash charges they've taken relating to goodwill amortization are likely the result of the company now having a value significantly lower than the value they paid for it. Now that's done, they can analyze the company's financial prospects going forward.

Re: N.Y. Times: Reverse Mortgage Ads Sidestep Loan Pitfalls

lancejackson — Thu, 11 Jun 2015 12:11:56 -0000

Next the CFPB will require the type of ridiculous disclosures that pharmaceutical companies are required to make in TV ads.

Re: Bob Yeary — We Will Miss You

lancejackson — Tue, 06 Jan 2015 11:28:37 -0000

Very sorry to hear this. Great tribute.

Re: Fox Business: Reasons for Not Getting a Reverse Mortgage

lancejackson — Tue, 30 Dec 2014 12:50:36 -0000

The more things change, the more they stay the same!

Re: Three metre Great White Shark caught off Bondi Beach

lancejackson — Wed, 19 Nov 2014 00:09:59 -0000

The car analogy displays no logic. Cars contain lots of safety features, and there are of course rules of the road.

Re: HUD Releases Reverse Mortgage Financial Assessment to Take Effect March 2015

lancejackson — Thu, 13 Nov 2014 10:58:40 -0000

Wish I could answer that!