Simple Reverse - A Division of Luminate Bank

Another Reverse Mortgage Loan CTC in less than 2 weeks (8 Days to be exact!) for Preston Fayas and his team at Ascend Mortgage from Simple Reverse - A Division of Luminate Bank!! You can't beat the combination of an experienced LO (Preston Fayas), a motivated borrower and the ease of doing business with Simple Reverse - A Division of Luminate Bank to create a great overall experience and a happy customer! Thank you Preston Fayas for allowing Simple Reverse - A Division of Luminate Bank to be part of your reverse mortgage team!!

Simple Reverse - A Division of Luminate Bank Reverse Mortgage Weekly Interest Rate Update & Market Commentary (for the week ending 3/14/25): The 10YR CMT has been gradually moving back upward this week, and as a result, we will see a small increase in the 10YR CMT for next week. However, this increase will result in NO CHANGE to PRINCIPAL LIMITS or BENEFIT AMOUNTS next week!! The 10YR CMT currently sits at 4.25% for this week, and we will see an increase of 2-4 bps in the Expected Rate next week!?This will have NO IMPACT on the Expected Rate, and will result in THE SAME Principal Limits and Benefit Amounts for next week!! The risks of the looming potential government shutdown are fading as key Democrats have indicated they plan on voting to pass the Republicans proposed funding bill to keep the government open. That bill should be voted on and hopefully passed prior to the midnight deadline tonight. Then, all eyes will begin focusing on next week when retail sales data will be released, and more importantly, the FOMC meeting on Wednesday. Expectations are for the FED to hold rates steady next week. However, the markets are now beginning to price in three 0.25% rate cuts in 2025 as economic growth is beginning to show signs of slowing. If next week’s retail sales numbers continue showing evidence of slower consumer spending, combined with other signs of slowing economic growth; it could be a the catalyst prompting the FED to be more aggressive with interest rate cuts throughout 2025 than was previously expected. This week, the 10YR CMT Index is 4.25%. Here is what the 10YR CMT has done this week, so we will see an increase in the 10YR CMT for next week. This increase WILL HAVE NO IMPACT on Principal Limits! 10YR CMT?????????????????? 3/10/25?????3/11/25????3/12/25????3/13/25????3/14/25 (Intraday) ?4.22??????????????4.28?????????????4.32????????????4.27???????????4.31 Based on the data from this week, we will see an INCREASE in the Expected Rate of about 2-4 bps for next week. This INCREASE WILL HAVE NO IMPACT on the Principal Limits and Benefit Amounts for next week.?So, if you have applications to take, there will be NO DIFFERENCE IN BENEFIT AMOUNTS FOR YOUR CUSTOMERS IF YOU TAKE APPLICATIONS NOW OR WAIT UNTIL NEXT WEEK TO TAKE YOUR APPLICATIONS! New rates for next week will take effect on Tuesday, 3/18/25 and beyond for next week!?And, as always, we are simply providing this data to you, so that YOU can continue to make the decisions that best suit your business based on the information you have! If you have questions about this, please let me know right away!!!?Thanks for the partnership and Good Selling!!! Bob Garczewski National Sales Manager (765)760-8931 [email protected]

Another Reverse Mortgage loan CTC in less than 1 week from Simple Reverse - A Division of Luminate Bank!! Congratulations to Michelle Mcafee, Falon and the entire team from Centennial Mortgage for another great & fast loan and one happy customer! Thank you Michelle Mcafee for continuing to allow Simple Reverse - A Division of Luminate Bank to be part of your reverse mortgage team!!

Wow! 13 days from Application to CTC for another Reverse Mortgage loan for ROBB HAMILTON from Simple Reverse - A Division of Luminate Bank!! Congratulations to ROBB HAMILTON for another excellent loan and fast and quick CTC! Not only was this a fast reverse mortgage closing for ROBB HAMILTON, this was also the 1st loan closing for the Simple Reverse - A Division of Luminate Bank as part of our new parent company, Luminate Bank!! Thank you ROBB HAMILTON for continuing to partner with and trust the team at Simple Reverse - A Division of Luminate Bank with your reverse mortgage business!!

New Name, Same Great Service from Simple Reverse - A Division of Luminate Bank!! Congratulations to Tim Oddo, Diamond E., Caitlin W. and the entire team from The Oddo Group, a division of Luminate Bank for another fast loan and happy customer! Thank you Tim Oddo for continuing to allow Simple Reverse - A Division of Luminate Bank to be part of your reverse mortgage team!!

Simple Reverse - A Division of Luminate Bank Reverse Mortgage Weekly Interest Rate Update & Market Commentary (for the week ending 3/7/25): The 10YR CMT made a move downward earlier in the week, but has moved back up slightly the end of the week, and as a result, we will see a small decrease in the 10YR CMT for next week. However, this decrease will result in NO CHANGE to PRINCIPAL LIMITS next week!! The 10YR CMT currently sits at 4.30% for this week, and we will see a decrease of 5-7 bps in the Expected Rate next week!?This will have NO on the Expected Rate, and will result in THE SAME Principal Limits and Benefit Amounts for next week!! The labor market remains solid, buy may be softening after the jobs numbers came today. The economy added 151,000 jobs in February, slightly below expectations, and unemployment ticked up to 4.1%. The private sector continues hiring at a healthy pace, however, softening is expected as the bulk of the recent federal government layoffs should begin showing up in next month’s numbers. On the policy front, the administration again delayed the upcoming tariffs on Mexico and Canada until April. The uncertain policy environment has business’ trying to assess the their hiring plans moving forward, but analysts don’t expect to see a sharp uptick in the unemployment rate as they still view the labor market as a source of support for continued economic expansion this year. Overall, the market still expects to see one to two rate cuts in the second half of the year as inflation trends continue to improve and economic growth continues to moderate. This week, the 10YR CMT Index is 4.30%. Here is what the 10YR CMT has done this week, so we will see a decrease in the 10YR CMT for next week. This decrease WILL HAVE NO IMPACT on Principal Limits! 10YR CMT?????????????????? 3/3/25?????3/4/25????3/5/25????3/6/25????3/7/25 (Intraday) ?4.16????????????4.22??????????4.28??????????4.29?????????4.23 Based on the data from this week, we will see a DECREASE in the Expected Rate of about 5-7 bps for next week. This DECREASE WILL HAVE NO IMPACT on the Principal Limits and Benefit Amounts for next week.?So, if you have applications to take, there will be NO DIFFERENCE IN BENEFIT AMOUNTS FOR YOUR CUSTOMERS IF YOU TAKE APPLICATIONS NOW OR WAIT UNTIL NEXT WEEK TO TAKE YOUR APPLICATIONS! As always, new rates for next week will take effect on Tuesday, 3/11/25 and beyond for next week!?And, as always, we are simply providing this data to you, so that YOU can continue to make the decisions that best suit your business based on the information you have! If you have questions about this, please let me know right away!!!?Thanks for the partnership and Good Selling!!! Bob Garczewski National Sales Manager (765)760-8931 [email protected]

Simple Reverse - Powered by GMFS Reverse Mortgage Weekly Interest Rate Update & Market Commentary (for the week ending 10/11/24): The 10YR CMT has continued its upward movement this week, and as a result, we will see a significant increase in the 10YR CMT next week. This WILL RESULT IN A NEGATIVE CHANGE TO PRINCIPAL LIMITS and LOWER BENEFIT AMOUNTS?next week! We are looking at an increase of close to 23 bps, which would result in a 2 PLF factor increase in the rate for next week.? The 10YR CMT currently sits at 3.83%, and we will see an increase of around 22-24 bps in the Expected Rate next week!?This will have a NEGATIVE IMPACT on the Expected Rate and will result in LOWER Principal Limits next week!?? This sounds like a repeat of last week, but we have another week of significantly increasing rates on the 10YR CMT. Continued rising rates, even after the recent FED rate cut, are being attributed to two primary factors. One, the markets are adjusting to the fact that rates are going to come down slower than initially anticipated after they aggressively priced in upcoming rate cuts; and after updated inflation figures were released.? The Consumer Price Index (CPI) numbers for August came in at 2.4%, slightly above estimates, still the lowest reading since February, 2021. Core CPI, which excludes the volatile food and energy prices, edged higher to 3.3%, also above expectations. Analysts believe these numbers are still consistent with gradually moderating inflation, but the path lower will likely be bumpy, at times slower than market expectations. These numbers should keep the FED on track to continue on its rate cutting path however. Also, jobless claims came in above estimates this week at 258,000. This reading reflects a labor market that is normalizing, not collapsing, which analysts believe is supportive of continued growth and the "soft landing" narrative for the economy. A cooling labor market also leads to slower wage gains ahead, another sign on continued inflation easing. All in all, the economy continues to move as expected, but with those promises of a continued "bumpy ride" in the coming months! This week, the 10YR CMT Index is 3.83%. Here is what the 10YR CMT has done this week, so we will see a significant increase in the 10YR CMT next week. 10YR CMT????????????????????? 10/7? ?10/8?? 10/9??? 10/10???? 10/11 (Intraday) 4.03 ?4.04 4.06 ?4.09 ?4.10 Based on the data from this week, we will see an INCREASE in the Expected Rate of around 22-24 bps next week. This INCREASE WILL HAVE A NEGATIVE IMPACT on the Principal Limits next week.?So, if you have applications to take, we suggest TAKING YOUR APPLICATIONS NOW SO THAT YOU CAN LOCK-IN HIGHER BENEFIT AMOUNTS NOW BEFORE THE RATES INCREASE FOR YOUR BORROWERS NEXT WEEK!! With the Columbus Day federal holiday on Monday, rates will not take effect until Wednesday, 10/16/24 for next week, so you do have some additional time to get applications taken!?

WOW!! 2 Weeks (10 Days) for a reverse mortgage CTC from Application to CTC for Brian Pellissier and his team at Riverside Capital from Simple Reverse - Powered by GMFS!!! Way to go Brian Pellissier! That is how you take care of your customers and get loans done!! Thank you again for allowing Simple Reverse - Powered by GMFS to be part of your reverse mortgage team!!

The Simple Reverse - Powered by GMFS Marketing Minute (Volume 12): Welcome to the 12th edition of the SimpleReverse Marketing Minute! Interest rates have come down 75bps since June of this year helping seniors qualify for more benefit, so now is a great time to go through your database looking for customers that could benefit from the use of a reverse mortgage!?Whether or not you know it, you DO HAVE POTENTIAL REVERSE MORTGAGE CUSTOMERS that are either in your database currently or that you are talking to today. So, who are these potential reverse mortgage customers? Reverse Mortgage Customers are Age 62+ who are: ???*?Looking for additional monthly income ???*?Looking to eliminate their monthly mortgage payments ???*?Unable to qualify for a traditional loan or HELOC ???*?Looking to purchase a new home OR right-size their home with an alternative to an "all cash" purchase? ???*?Looking to age-in-place and need to do home improvements ???*?Having cash flow problems ???*?Looking to create that emergency fund through a line of credit ???*?Just looking for additional $$$ to better enjoy retirement Basically, any senior age 62+ who is looking to access additional money, eliminate debt or purchase a new home through the use of home equity!! If you want to learn more now about these potential reverse mortgage customers and how to find them, stay tuned for the next edition of the SimpleReverse Marketing Minute as we revisit the different marketing strategies, or give me a call TODAY and we can discuss how to find these potential reverse mortgage customers in YOUR database!! If you have some current customers who you believe could benefit from a reverse mortgage and aren't sure of the next steps, call me TODAY and we can help you through the entire loan process!! Or, if you aren't even offering reverse mortgage products to your customers, call me NOW and we can help you to get started TODAY!! Bob Garczewski National Account Director (765)760-8931 [email protected]

Congratulations to Beth Hale and her team from Luminate Home Loans, Inc. for a super fast 4 Day Reverse Mortgage CTC!!! That is how you take care of a customer with a quick and efficient CTC and earn referrals moving forward!! Thank you Beth Hale for allowing Simple Reverse - Powered by GMFS to be part of your reverse mortgage team!!!