Disqus - Latest Comments for silencedogood_rms

Re: No HVCC for Reverse Mortgage Industry Says FHA Commissioner

silencedogood_rms — Wed, 26 Aug 2009 11:26:31 -0000

I sure hope so Floridareversemortgageguy! It would be nice to get away from HVCC.

Re: Exclusive: Interview With CEO of AAG

silencedogood_rms — Mon, 24 Aug 2009 15:07:55 -0000

I don't see the calculator? I click calculator, but that takes me to a page that offers an application sign up, not a calculator. Also, I cannot seem to get the application working at this time. This is a new site that they must still be working the bugs out of. Very nice design though!

Did everybody see the twitter icon? It's COMING!!!!!!!!!!!!!!!!!!!!!!

Re: Exclusive: Interview With CEO of AAG

silencedogood_rms — Mon, 24 Aug 2009 15:04:43 -0000

I see they have already re-built their website since I looked less than a month ago. They are going to be moving real fast.

Re: Exclusive: Interview With CEO of AAG

silencedogood_rms — Mon, 24 Aug 2009 15:00:30 -0000

I am assuming that they are in the middle of re-branding their tech. Most likely, you will see a shiny new calculator on their site soon. My guess is it will be Reverse Mortgage Solutions since Jam has a stake in that company as well.

Re: Consumer Reports or Sensational Reports?

silencedogood_rms — Mon, 24 Aug 2009 12:57:53 -0000

Excellent points, Andrew! Yes, it seems that there is a flurry of fiction in the Reverse Mortgage world.

Re: Defaults on Reverse Mortgages are Headline Risk

silencedogood_rms — Wed, 19 Aug 2009 11:06:58 -0000

I am pleasantly surprised by the comments on this subject. It is crazy that we treat this like it's our fault that Reverse Mortgage borrowers don't pay their T&I. Time to grow up, foreclose a few people, and start acting like a real industry.

Re: MetLife Grabs Top Wholesale Reverse Mortgage Lender Spot

silencedogood_rms — Fri, 07 Aug 2009 14:13:33 -0000

If you are looking at the HUD endorsement reports you are looking at loans closed in the particular lenders name. So if you are a mini eagle and you are closing in your name (almost always), those loans do not count towards your sponsors numbers. Reports like Reverse Market Insight often break numbers into retail and wholesale.

Re: MetLife Grabs Top Wholesale Reverse Mortgage Lender Spot

silencedogood_rms — Fri, 07 Aug 2009 11:31:15 -0000

Can't beat 5.56%!

Re: Online Social Networks Give Seniors New Way to Establish Connections

silencedogood_rms — Thu, 06 Aug 2009 23:54:14 -0000

I haven't signed up for eons because I'm too young, but it looks really neat. That is unfortunate about reverse mortgages being bashed for misinformation, but that kind of stuff does happen on an open forum. A senior reverse mortgage specialist needs to sign up and spread the honest word. They need to use hard facts from HUD, AARP, And other credible sources. If they make these docs available people will read them. Some will continue to rumor, but some will come around to reason. It's a goldmine! If they are talking, they are just waiting for a good senior LO to join and show them the light. Plus it will spice things up!

Re: Online Social Networks Give Seniors New Way to Establish Connections

silencedogood_rms — Thu, 06 Aug 2009 21:19:43 -0000

Thank You John! Keep this stuff coming.

Re: Baby Boomers Spending More Free Time Online Than Watching TV

silencedogood_rms — Thu, 06 Aug 2009 12:11:48 -0000

Kevin,

There are multiple concepts designed by me currently on the web. I am anonymous as KidReverse and therefore I will not reveal which are mine.

Here is my question: Why do you feel the need to constantly be in competition with people you don't even know and who don't care what you do. You obviously feel the need to show your skill, or lack thereof, to the world. Good luck.

Re: Baby Boomers Spending More Free Time Online Than Watching TV

silencedogood_rms — Wed, 05 Aug 2009 13:34:24 -0000

Wahoo! Great news for web designers/developers! And yes, I am in that category.

Re: House Appropriations Bill Could Extend Higher Reverse Mortgage Limit

silencedogood_rms — Sun, 26 Jul 2009 19:37:08 -0000

Wow James! Thank you for the explanation.

I have always been a mathematical person. I wanted a clear explanation and I got crystal!

Once again, thank you.

Re: House Appropriations Bill Could Extend Higher Reverse Mortgage Limit

silencedogood_rms — Sat, 25 Jul 2009 14:07:18 -0000

I have never heard of such speculation. Where are the concrete numbers!!!!

Re: HUD Investigates Financial Freedom Production

silencedogood_rms — Wed, 22 Jul 2009 18:36:52 -0000

It's news because they only audited 10 files and 5 were buybacks.

Re: Reverse Mortgage Association Releases Online Community for Members

silencedogood_rms — Fri, 17 Jul 2009 16:13:26 -0000

Hello Everyone,

I am the designer of Senior Tracker. I want to thank John for the kind words and I wanted to let everyone know that Senior Tracker is FREE, but it is in the beta stages.

It is fully functional and completely backed up once a day, but there are a few quirks and bugs that will be worked out over the next few months.

If you haven't checked it out, please do. As John pointed out, membership is FREE and has some great perks! What are you waiting for?

Re: Ginnie Mae Reverse Mortgage Issuance Sets Record in June

silencedogood_rms — Tue, 14 Jul 2009 16:17:17 -0000

It seems that Fannie MAE is getting what they wanted. With Ginnie offering excellent fixed pricing, our co has not sent anything to Fannie for a while, and I cannot see that changing anytime soon.

Re: Security One Lending Acquires Comfortable Retirement

silencedogood_rms — Fri, 10 Jul 2009 14:00:46 -0000

Goodbye SLN, hello SOLN (Security One Lending Network).

Re: HUD Secretary Open to Raising HECM Premiums or Adjusting Loan to Values

silencedogood_rms — Thu, 11 Jun 2009 20:22:28 -0000

James,

One area that I had not thought deeply about was the purchase and resale of the property between the assignment date and the rm's maturity. Perhaps this is being mishandled or overlooked as an asset? That would be a rather large oversight, but then again, it does happen.

Re: HUD Secretary Open to Raising HECM Premiums or Adjusting Loan to Values

silencedogood_rms — Thu, 11 Jun 2009 17:54:57 -0000

There are quite a few industry professionals that believe that it is mathematically impossible for the HECM Fund to be short. Maybe it's time someone does the math? Does anyone think they could do a close workup of where we stand? I know it's asking a lot, and probably impossible for a public person to get ahold of enough sensitive info to get an accurate answer, but it should be possible to get really close.

Re: US Regulator’s Speech About Reverse Mortgages Brings Up Legitimate Concerns

silencedogood_rms — Wed, 10 Jun 2009 12:28:43 -0000

My feel is that there is a lot of concern due to the "rush" in the growth of the product. No one can deny that the Reverse Mortgage has gone from unknown to one of the most popular product in the US in a VERY short time.

I have always had concens about the taxes and insurance issue. Admin had a great article a while back titled "T&I, The Family Secret" (something like that). He nailed it on the head. Industry veterans have seen this issue for a long time and everyone has turned a blind eye to it.

Why?

Becuase it is a HUGE ISSUE!!!! Probably the largest in the industry, and I have yet to hear a good solution.

Do you escrow for the life of the loan? That would make a great deal of previously eligible senior, ineligible.

Do you let it ride as is? This is fine as long as the values always go up for padding when a senior defaults. However, we all know that the "always goes up" theory doesn't hold water.

I won't even consider foreclosing on seniors an option here, so what can we do?

Re: REMO Live Brings Custom CRM To Reverse Mortgage Industry

silencedogood_rms — Tue, 09 Jun 2009 15:25:08 -0000

Very cool! It's nice to get some attention in the RM sector. This product is long overdue. Way to go, REMO!

Re: Fewer Baby Boomers Are Coming Back To Facebook, Big Surprise?

silencedogood_rms — Fri, 29 May 2009 17:20:46 -0000

Yeah those darn computers are holding me captive! I am sure that when I 60 I will be looking back and saying "why didn't I spend more time in the Bahamas?" Then I will realize that it was all about the paycheck. I envy those trust fund babies :)

Have a great weekend, too!

Re: Fewer Baby Boomers Are Coming Back To Facebook, Big Surprise?

silencedogood_rms — Fri, 29 May 2009 17:07:53 -0000

Good point Kevin,

This is very true, but I am still not helping :)

Personal Opinion: You share "everything" to market yourself, not to help people. If I am wrong, I am sorry for offending you.

Re: Fewer Baby Boomers Are Coming Back To Facebook, Big Surprise?

silencedogood_rms — Fri, 29 May 2009 16:29:11 -0000

Critic,

Here is my advice.... Learn for yourself!

Ha-ha, I don't mean to offend you, but it is a competitive market and I don't give out secrets. You will all have something to compare your online presence to real soon. Keep your eyes open, it won't be long.

However, in answer to your question, it takes tech skills to make it cheap and effective, oh and about 500 hours of labor. Nothing is cheaper than your own labor.