Local : (775) 770 0870
Direct : (800) 684 9438

I certainly appreciate your interest and kindness, and I know why my friend thinks so highly of you now.

You come across as a good friend to people, and that is so refreshing in a time when so many think otherwise, and act otherwise. Thank you! - Allaire

The beauty of this reverse mortgage is that now I can spend the rest of my life in my home. What more can anyone ask for? - Edward J

We really appreciate you going the ‘extra mile’ for us. - Betty and Joseph

We decided to turn the equity into something that could better out financial situations. – - Mary and Joseph C

The whole reverse mortgage process was a very pleasant experience, thank you for all your help and information. - Janette P

The reverse mortgage may not be the right option for everyone, but it certainly was the best thing for us. - Mr and Mrs Brazil

A great big thank you! You and your staff are to be commended! - Roberta D

At first, I was having trouble wrapping my brain around it (reverse mortgages), but now I recommend them to my friends. - Marlene A

Thank you for the least time consuming, easiest application and fulfillment mortgage procedure I have ever experienced.

Thank you for your prompt attention and cordial response to every piece of minutiae I managed to come up with.

You, your company and your services came highly recommended by a former co-worker of mine and I add my own recommendation to his without hesitation. - Martha Y

Now, I can finally pursue my passions. - Katheryn K

You made my reverse mortgage process a painless one! I will gladly refer you to anyone I know that has similar needs. - Everene P

You can’t just look at the costs, you have to look at the whole picture and decide whether it is right for you. - Lamu M

In a time when there are so many obvious thieves, highbinders and idiots loose in the American business world it is a pleasure to take note of a firm that is peopled by those who are as competent and pleasant to deal with as you are. - Gilbert C.

I am glad I got a reverse mortgage- I have peace of mind now. - Roberta D

Your friendliness, knowledge and expertise made it possible for me to finally fulfill my wish to retire while remaining solvent at the same time. - Carolyn C

I sold my larger home, paid off a mortgage I could not afford and purchased a new home with a mortgage that was very affordable. No payments at all! - Casey S

It is very easy to see that, in terms of both service and cost, Maggie O’Connell was the clear choice. - Anne G

The reverse mortgage has provided us with a great deal of stability and lets me sleep at night. - Dawn and John B

My experience with Maggie O’Connell was very professional and everything clearly explained and every question answered. I would recommend Maggie to anyone thinking about a Reverse Mortgage. - Robert C

The Reverse mortgage has been a real security blanket for us. - Linda and Ralph W

Your thoroughness in walking us through all the details and your immediate responses to our questions to you gave us unsurpassed confidence in you and your company. - Herbert and Madeline S

I needed the Reverse Mortgage but at the same time I was very scared to do the transaction. You were always very calm, pleasant, understanding and helpful and never pushy. Thank you. - Hana B.

Thank you for your courtesy and professionalism in assisting me.

You were always available to assist with any question and problem I might have, and I cannot think of anything that was not resolved to my satisfactions. - Elizabeth C

We were extremely pleased with your service. You answered all of our questions when we called. Thanks Again. - Dale and Mae M

I have only one comment to make about you. First class all the way! - T.L.C

To my favorite lady! Gold Bless you Maggie, you saved my butt from the bandit credit card co. They are history!! - Gerald H

I am more than happy with my reverse mortgage and the super job you and your staff did for me. - Virginia G

It takes money to maintain a long, comfortable and financially secure retirement. But you don't need to count your penny's and sacrifice the lifestyle you want. The solution is right under your roof! I hope you attend one of my reverse mortgage workshops, and invite your friends to attend. You will learn how the program works, understand the misconceptions and go away with facts about reverse mortgages. With a good understanding, you can make good decisions.

HUD Reverse Mortgage Legislation And Mortgagee Letters

Below is a list of mortgagee letters that directly impact the HECM program or are worth noting because they apply to lenders that originate HECM loans. To view a list of every letter ever published since the program began, please click HUD Portal to Mortgagee Letters

2013-27 Home Equity Conversion Mortgage Program – Consolidation of Pricing Options and Principal Limit Factors for Fixed Interest Rate Mortgages

2013-01 Consolidation of Pricing Options and Principal Limit Factors for Fixed Interest Rate Mortgages

2011-31 – Revised Form HUD 92902, Certificate of HECM Counseling and Clarification of Counseling Guidance

2011-26 – HECM Counseling: Intermediaries Included on the HECM Counselor List

2011-16 – Rescission of Borrower’s Recourse

2011-01 – HECM Property Charge Loss Mitigation

2010-34 – Introducing HECM Saver; Mortgage Insurance Premiums and Principal Limit Factor Changes for HECM Standard

2009-46b – Condominium Approval Process for Single Family Housing Condo approval guide

November 30, 2009 – HUD issues Mortgagee Letter ML2009-49 clarifying subordinate liens for HECM Reverse Mortgages.

Loan modifications for senior homeowners are possible if the existing mortgage lender is willing to lower the principal balance to meet the net lending limit of HECM Reverse Mortgages. Listen to how it worked for this borrower.

The borrower cannot modify their existing mortgage to create Subordinate Financing behind the HECM Reverse Mortgage, the balance of the existing mortgage must be paid in full at the time of HECM closing.

November 18, 2009 – Big changes in store for FHA appraisals in 2010!

Three new mortgagee letters 2009-28ML, 2009-29ML and 2009-30ML describe these changes and the legislation surrounding them. Will this legislation impact the quality of reverse mortgage appraisals and ultimately the appraised value? …. Maybe…. Another reason to get your application in before the end of the year.

Call (800) 684-9438 or contact us to learn more!

Maggie O’Connell, Reverse Mortgages

Phone: (775) 770-0870 | Fax: (916) 239-7544
Maggie O’Connell Cell: (775) 770-0870

Reno Nevada Location: 10399 Double R Blvd. #108 Reno, NV 89521

We do reverse mortgages in: California, Nevada, Oregon, Washington, Hawaii, Alaska Arizona, Texas,
Florida, Virginia, Maryland, New Jersey, New York, Michigan, Illinois and all US States!

DISCLAIMER: The information contained on this website are the views of Margaret Ann O'Connell, and do not necessarily reflect the views of The Federal Savings Bank. The information contained in this website is for general information purposes only. It is believed to be reliable, but The Federal Savings Bank does not warrant its completeness, timeliness or accuracy. The information on this website is not intended as an offer or solicitation for any mortgage product or any financial instrument. The information and materials contained in this website - and the terms and conditions of the access to and use of such information and materials - are subject to change without notice. Products and services described, as well as, associated fees, charges and interest rates may differ among geographic locations, offices and as a result of individual conditions. Not all products and services are offered at all locations. In no event will The Federal Savings Bank be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

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HUD Reverse Mortgage Legislation And Mortgagee Letters