Some consumers were asking about the increase in the HECM loan limit. However as you can see from this release by NRMLA (National Reverse Mortgage Lenders Association) that the HECM increase was not included in the recent Act.
FHA announced on March 6, 2008 a temporary increase in loan limits for all forward mortgages as a [...]

ReverseMortgageNation.com is now offering Reverse Mortgage Leads to their loan officers, consultants, and field force.
To help better serve consumers and clients we have installed a new lead capturing and distribution system. This will ensure that visitors of ReverseMortgageNation.com will be immediately contacted by a trained and active Reverse Mortgage Professional.
All current and future ReverseMortgageNation.com website [...]

The most popular Reverse Mortgage, the Home Equity Conversion Mortgage (HECM) had it’s highest month. Figures recently released by HUD show that 10,913 HECMs originated during February 2008 - making this the highest monthly production on record. The previous record month was March 2007 when 10,888 HECMs were recorded.
This is great news as we continue [...]