Today the Senior Lending Network kicks off their Senior Independent Living Month which will run from May 15 through June 15. All mortgage originators affiliated with the Senior Lending Network are joining forces in a series of events to promote social responsibility and ethical treatment of seniors and discuss the positive benefits of [...]

Financial Freedom has gone through huge changes over the past year which include, losing key employees, pissing off wholesale customers, and overall losing a lot of the brand value that they once had. I’ve received tons of emails from RMD readers who think the sooner IndyMac sells Financial Freedom, the better off the company will [...]

Ouch baby, nothing like the metal chair over the back! It seems like the market has a sleeper hold on the parent company of Financial Freedom, IndyMac Bank posted a loss of $184.2 million, or $2.27 per share, for the quarter ended March 31. In the same period last year, it earned $52.4 million, [...]

Here are the upcoming reverse mortgage events in May: May 14 - Trusts and How They Effect Reverse Mortgages w/ All Reverse Transactions (Webinar) Sign Up For Details May 19 - Reverse Mortgage Marketing & Sales Ideas w/ Wells Fargo (Santa Ana, California) Sign Up For Details May 20 - General Power Of Attorney Questions w/ All Reverse [...]

Last week the U.S. Department of Housing and Urban Development published Mortgagee Letter 2008-12 to permit counseling agencies to charge seniors a fee for counseling services. HUD said the counseling fee should be reasonable and customary for the service provided and not exceed $125.  The payment of the fee can be paid using one of [...]