Ken Keranen's (kennyarnold) Blog

More potential clients have contacted me recently who are in their 60's.  17 years ago, when I first began originating Reverse Mortgages, almost every client was in his or her 70's or early 80's.  In a recent article in "Reverse Market Insight", my personal observations were verified.  According ...

I was surprised but not shocked when I read an article in the July 6th edition of Time by Stephen Gandel.  One of the "Six Problems the Consumer Financial Protection Bureau Should Tackle First" that he cited is Reverse Mortgages.  He got it all wrong!  He implied that the bank essentially buys th...

I received a call yesterday from a prospective purchaser of a  home who was going to sign an application for a HECM (FHA Reverse Mortgage) loan through another lender.  He had found my name and some of the articles I had written and called me up to see if there might be a "better deal" than the o...

The HUD/FHA Reverse Mortgage for Home Purchase Program has been slow to take off.  The program was formalized by HUD to begin taking place around the first of January 2009.  After a quick initial jump in number of fundings, the rate hovered around 130 units per month nationally for the last 6 mon...

Wednesday the House of Representatives passed the so-called Wall Street Reform Bill by a vote of 237 to 192.  Now it moves onto the Senate where it is probably going to be looked at beginning July 12th and probably passed.  Buried in it's 2000 pages, is the outline of a new Federal Bureaucracy ca...