Click the link below to hear Sharron interviewed on the WVOM FM “Senior Talk” https://www.wvomfm.com/episode/reverse-mortgages/
This is the time to do the “year in review”….OR NOT … this has been a year that has been rehashed again and again……… commented on, trashed, exalted….but it’s been a year like no other. For me it has been intense. It started out with the mortgage industry on the brink in March/April. Then finding its footing and recovered throughout the summer. But it was scary… like 2008 when the financial infrastructure was on knifes edge. I am sure the man/woman on the street didn’t feel that but it was a...
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I was interviewed about “what’s going on in the mortgage world today” so check out this link to the content.
In April 2015 our industry and FHA instituted a financial assessment for all borrowers. This was a way to ascertain the potential borrowers’ ability and willingness to pay their property charges and also the other monthly obligations they have. It was a big change for me as an originator and required a few more documents I needed to collect from the borrower but BOY was it successful! The purpose of the FA was to lower the amount of borrowers who ended up with tax and insurance defaults and...
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