Reverse Mortgage News

October 1, 2018/in Updates/by Adan Gutierrez

• The Federal Housing Administration on Friday announced a new appraisal requirement for Home Equity Conversion Mortgage lenders in another attempt to stem losses to the Mutual Mortgage Insurance Fund. Read the Mortgagee Letter here: Mortgagee Letter

• Earlier this week Finance of America Reverse announced their new HomeSafe Second-Lien Reverse Mortgage. Allegiant Reverse Services is listed on the FAR Job Aid that went out to their customers as one of three preferred vendors for this product. Please email solutions@allegiantreverse.com for more information or to open an order. To read the article click here.

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We are constantly updating to reflect any increases or decreases in state fees or underwriter changes to ensure that you are pulling accurate quotes each time. Our calculator has been updated to reflect fee changes in the following state(s): Idaho, Michigan, Nevada Conveniently get a quote any time, day or night, by simply […]

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Title Tale: Title Tips for TrustsApril 18, 2024 - 10:09 am
Instead of Title Tales this month, how about Title Tips? Specifically, Title Tips for Trusts (say that ten times fast and see where your tongue ends up!). ARS specializes in reverse mortgages, and for obvious reasons there are many more trusts to review in proportion to orders than for any other loan type. They keep […]
Title Tale: Power of Attorney ScenarioMarch 25, 2024 - 1:57 pm
Written by: Mylene Marcelo, Title Manager/Title Officer We have a current vesting deed adding son into title dated 2017 as joint tenants with rights of survivorship. The Deed was executed by a Power of Attorney (POA) made by Wilma, Principal to Fred Jr., as Agent. The POA was dated 1997. Wilma was competent at the time […]

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