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Loan Modification
: Mortgage Lender Implode-o-MeterChanges have reverse mortgage originators holding their collective breath
By Implode-Explode Heavy Industries
"An FHA rule change that would preclude independent FHA eligibility approval for so-called ?TPOs,? or ?third-party originators,? has reverse mortgage originators ? particularly small- and medium-sized ones ? scrambling to form alliances in order to survive."
This is NOT independent of the Reverse Mortgage arena.
Full post as published by Mortgage Lender Implode-o-Meter on May 09, 2010 (boomark / email).
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