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Showing posts from October, 2018

Reverse Mortgage Insights from a Las Vegas Certified Reverse Mortgage Professional

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Rick R. Rodriguez was interviewed by Reverse Mortgage Daily recently to offer his insights on the impact of rising interest rates to the reverse mortgage program.  The Federal Government recently increased interest rates once again which created a ripple effect throughout the mortgage industry.  Prior to October 2017, the reverse mortgage program experienced very little change from interest rate fluctuations.  However, since HUD made significant program changes in October 2017 the program is more susceptible to interest rate swings than ever before.  These swings are directly effecting the amount of equity that homeowners can qualify for under the program, which in some cases can prevent them from obtaining a reverse mortgage. Reverse Mortgage Daily wrote a recent article titled "HECM Originators Feel Impact of Rising Rates", in which they interviewed Rick R. Rodriguez, a branch manager at Nationwide Equities in Las Vegas, NV.  One of his clients was in the process of