My, My. I guess I stirred things up a bit. I made a comment in my Blog Post Breaking News! One National HECM (Reverse Mortgage) Lending Limit passed by the Senate! about the cross selling of financial products to seniors. Here is what I said in regards to a provision in the legislation HR3221:
...
07/29/2008
I really goofed on my calculations in my last Blog, Breaking News! One National HECM (Reverse Mortgage) Lending Limit passed by the Senate!, and a couple of brokers pointed out my mistake (thanks, guys!). I commented on how my client would benefit from the increase in the lending limit to $417,00
...
07/29/2008
Today, July 26th, the Senate passed HR 3221, Foreclosure Prevention Act of 2008, also known as the "FHA Modernization Act" and the President is expected to sign it immediately. This bill provides for needed housing reform in general but has direct impact on the HECM (Home Equity Conversion Mortga
...
07/26/2008