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OnDemand Webinar

Extending Longevity: Reverse Mortgages and Foreclosure, and Required Loss Mitigation

Servicing reverse mortgages is distinctly different form servicing "forward" mortgages. And, most reverse mortgage portfolios today are comprised of FHA-insured HECM loans. Failure to properly service, perform loss mitigation and foreclosure on such mortgages can increases losses and impair mortgage insurance claims. This OnDemand Webinar will assist persons responsible for servicing reverse mortgages in identifying proper loss mitigation and foreclosure procedures in order to lessen the impact of such foreclosures while preserving the right to full FHA claims. This program is critical for reverse mortgage servicers to keep up to date with the most recent FHA guidance on HECM servicing issues, and state law developments on foreclosures impacting reverse mortgages.


Runtime: 98 minutes
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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Overview of Reverse Mortgages

  • Demographics, Economics and Markets
  • No Credit Underwriting (Yet); No Required Monthly Repayment Obligations of Principal and Interest
  • Origination Practices That May Prevent or Reduce Reverse Mortgage Defaults

Reverse Mortgage Maturities and Reasons for Default

  • Maturity Events
  • Obligations of the Borrower - Taxes, Insurance, Repairs and Property Maintenance

Reverse Mortgage Foreclosure and Loss Mitigation

  • Required Reverse Mortgage Loss Mitigation
  • Reverse Mortgage Foreclosure
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More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on December 8, 2011.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

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More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
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  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

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  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 388270
Published 2011
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