The first reverse mortgage was offered by Deering Savings

The first reverse mortgage was offered by Deering Savings & Loan of Maine in 1961 to a woman named Nellie Young the wife of the loan officer's deceased football coach. Reverse Mortgages gained widespread recognition in 1988 when HUD administered and FHA Federal Housing Authority with the guidance of Senior consumer associations and established the program to assist senior homeowners aged 62 to access a percentage of their home equity to provide a resource for retirement. Since that time many compliance resources, education, books, guides and videos have been created to create consumer safeguards. Reverse Loan Officer Chris Beard stated "I'm often asked by a consumer is it safe for me to transact a reverse mortgage with you from another state" My response is often to educate them on the safe guards of a highly regulated industry," unless something seems unusual or hidden you have little to worry about everything we do is transparent." Consumer Safeguards HECM Counseling-In 1999-2000 Reverse Loan Counselors were established stating the borrower must receive reverse mortgage counseling as a mandatory step in the process of getting a government-insured home equity conversion mortgage (HECM) loan through the Federal Housing Administration. Since that time revisions have been created to help qualifying homeowners determine a clear understanding of reverse program including: cost, fees, interest, if they have other options and their ability to pay taxes and homeowners insurance. Today counselors will typically review online the very proposal prepared the loan officer provided the consumer. FHA Federally Insured Government Program- The only reverse mortgage insured by the U.S. Federal Government is called a Home Equity Conversion Mortgage or HECM, and is only available through an FHA approved lender. HECM lenders- All HECM Lenders must be approved to offer Reverse Mortgage check them on the HUD website. HECM Servicers- HECM Reverse Loans all go to the same select group of servicers like Generation, Genworth Financial, Urban Financial MetLife and several others check them here: Loan Officers- SAFE ACT-Secure and Fair Enforcement for Mortgage Licensing Act of 2008 ("SAFE Act"), was passed on July 30, 2008. The SAFE Act is designed to enhance consumer protection and reduce fraud through the setting of minimum standards for the licensing and registration of state-licensed mortgage loan officers & Mortgage loan originators who work for an insured depository or it's owned or controlled subsidiary that is regulated by a federal banking agency More : Paydaykong Com - UK Payday Fast Loans No Credit Check TheMoneyExpress.co.uk - UK Payday Fast Loans No Credit Check Speedyeloans - UK Payday Fast Loans No Credit Check paragon finance - UK Payday Fast Loans No Credit Check National Cashline - UK Payday Fast Loans No Credit Check www.Cashsolutionnow.co.uk - UK Payday Fast Loans No Credit Check unsecured-direct-loans.co.uk - UK Payday Fast Loans No Credit Check 999payday - UK Payday Fast Loans No Credit Check FastloanLender - UK Payday Fast Loans No Credit Check Payday Loans No Guarantors - UK Payday Fast Loans No Credit Check Paydaykong Com - UK Payday Fast Loans No Credit Check TheMoneyExpress.co.uk - UK Payday Fast Loans No Credit Check Speedyeloans - UK Payday Fast Loans No Credit Check paragon finance - UK Payday Fast Loans No Credit Check National Cashline - UK Payday Fast Loans No Credit Check www.Cashsolutionnow.co.uk - UK Payday Fast Loans No Credit Check unsecured-direct-loans.co.uk - UK Payday Fast Loans No Credit Check 999payday - UK Payday Fast Loans No Credit Check FastloanLender - UK Payday Fast Loans No Credit Check Payday Loans No Guarantors - UK Payday Fast Loans No Credit Check www.justpayday.co.uk - UK Payday Fast Loans No Credit Check www.999pay2.co.uk - UK Payday Fast Loans No Credit Check www.crisis-loan.co.uk - UK Payday Fast Loans No Credit Check greatnetcash.com - UK Payday Fast Loans No Credit Check Cash Loans 15 Min - UK Payday Fast Loans No Credit Check Xxx2euk - UK Payday Fast Loans No Credit Check nowpayday.co.uk - UK Payday Fast Loans No Credit Check www.serveucash.co.uk - UK Payday Fast Loans No Credit Check 999loanline - UK Payday Fast Loans No Credit Check Kwik Payday Loan Reviews - UK Payday Fast Loans No Credit Check www.justpayday.co.uk - UK Payday Fast Loans No Credit Check www.999pay2.co.uk - UK Payday Fast Loans No Credit Check www.crisis-loan.co.uk - UK Payday Fast Loans No Credit Check greatnetcash.com - UK Payday Fast Loans No Credit Check Cash Loans 15 Min - UK Payday Fast Loans No Credit Check Xxx2euk - UK Payday Fast Loans No Credit Check nowpayday.co.uk - UK Payday Fast Loans No Credit Check www.serveucash.co.uk - UK Payday Fast Loans No Credit Check 999loanline - UK Payday Fast Loans No Credit Check Kwik Payday Loan Reviews - UK Payday Fast Loans No Credit Check wagedayadvance - UK Payday Fast Loans No Credit Check xlfinance.com - UK Payday Fast Loans No Credit Check mastermoney.org - UK Payday Fast Loans No Credit Check www.go4loan.co.uk - UK Payday Fast Loans No Credit Check 15 Minute Loans Unemployed - UK Payday Fast Loans No Credit Check Mycashnow88 - UK Payday Fast Loans No Credit Check www.piggybankpayday.co.uk - UK Payday Fast Loans No Credit Check 999loans Online - UK Payday Fast Loans No Credit Check cash2pocket - UK Payday Fast Loans No Credit Check www.moneyfix.co.uk - UK Payday Fast Loans No Credit Check wagedayadvance - UK Payday Fast Loans No Credit Check xlfinance.com - UK Payday Fast Loans No Credit Check mastermoney.org - UK Payday Fast Loans No Credit Check www.go4loan.co.uk - UK Payday Fast Loans No Credit Check 15 Minute Loans Unemployed - UK Payday Fast Loans No Credit Check Mycashnow88 - UK Payday Fast Loans No Credit Check www.piggybankpayday.co.uk - UK Payday Fast Loans No Credit Check 999loans Online - UK Payday Fast Loans No Credit Check cash2pocket - UK Payday Fast Loans No Credit Check www.moneyfix.co.uk - UK Payday Fast Loans No Credit Check www.700cash.co.uk - UK Payday Fast Loans No Credit Check Smsapprove - UK Payday Fast Loans No Credit Check www.mycashnow88.com - UK Payday Fast Loans No Credit Check finance kensington - UK Payday Fast Loans No Credit Check DirectDebtSolutions.co.uk - UK Payday Fast Loans No Credit Check Payday2 - UK Payday Fast Loans No Credit Check 999loansonline - UK Payday Fast Loans No Credit Check cash-zone.co.uk - UK Payday Fast Loans No Credit Check welcome loans UK - UK Payday Fast Loans No Credit Check Paydayloan - UK Payday Fast Loans No Credit Check www.700cash.co.uk - UK Payday Fast Loans No Credit Check Smsapprove - UK Payday Fast Loans No Credit Check www.mycashnow88.com - UK Payday Fast Loans No Credit Check finance kensington - UK Payday Fast Loans No Credit Check DirectDebtSolutions.co.uk - UK Payday Fast Loans No Credit Check Payday2 - UK Payday Fast Loans No Credit Check 999loansonline - UK Payday Fast Loans No Credit Check cash-zone.co.uk - UK Payday Fast Loans No Credit Check welcome loans UK - UK Payday Fast Loans No Credit Check Paydayloan - UK Payday Fast Loans No Credit Check www.penguinpayday.co.uk - UK Payday Fast Loans No Credit Check Minicredit Customer Complaints - UK Payday Fast Loans No Credit Check Www.xxxx.com - UK Payday Fast Loans No Credit Check pawnshopadvisor.com - UK Payday Fast Loans No Credit Check nowloans6.co.uk - UK Payday Fast Loans No Credit Check Payday loans manchester - UK Payday Fast Loans No Credit Check TotallyMoney.com - UK Payday Fast Loans No Credit Check CashGenie.co.uk - UK Payday Fast Loans No Credit Check 999onlini - UK Payday Fast Loans No Credit Check Bank of Scotland loans - UK Payday Fast Loans No Credit Check www.penguinpayday.co.uk - UK Payday Fast Loans No Credit Check Minicredit Customer Complaints - UK Payday Fast Loans No Credit Check Www.xxxx.com - UK Payday Fast Loans No Credit Check pawnshopadvisor.com - UK Payday Fast Loans No Credit Check nowloans6.co.uk - UK Payday Fast Loans No Credit Check Payday loans manchester - UK Payday Fast Loans No Credit Check TotallyMoney.com - UK Payday Fast Loans No Credit Check CashGenie.co.uk - UK Payday Fast Loans No Credit Check 999onlini - UK Payday Fast Loans No Credit Check Bank of Scotland loans - UK Payday Fast Loans No Credit Check