Shannon Hicks

http://www.reversefocus.com - 2065 Posts - 590 Comments

Shannon Hicks - Shannon is a cofounder of Reverse Focus, Inc. He draws from his experience as a reverse mortgage originator and prior work in the financial services industry. Shannon has been covering reverse mortgage news stories since 2008 when he began podcasting and in 2010 with weekly video updates. He has spoken nationally at industry events and is host of the nation’s only weekly podcast for reverse mortgage professionals “Reverse Focus Weekly”. For more information, call 1.800-805-9328 x 3-3 or visit www.ReverseFocus.com .

30-day Rescission Period Dropped from California Bill

Shannon HicksMay 7, 2009June 12, 2012

by Shannon HicksMay 7, 2009June 12, 201201054

A California Assembly committee struck the controversial 30-day rescission period as one of several amendments to a reverse mortgage bill Monday, a spokeswoman for Assemblyman Mike Feuer, the bill’s author, said today. The Assembly Committee on Banking and Finance, on a nine to zero vote, also approved three other amendments

Sen. McCaskill To Keep Pushing for Reverse Mortgage Reform

Shannon HicksMay 1, 2009June 12, 2012

by Shannon HicksMay 1, 2009June 12, 201201194

Missouri Sen. Claire McCaskill, who has described reverse mortgages as “very dangerous,” will continue to push for further reforms of the reverse mortgage market, her spokeswoman said, after the Senate did not consider her amendment to a federal fraud enforcement bill that passed today. “Here’s the problem: we’ve got the people closing

New Loan Limit… It’s here!

Shannon HicksFebruary 25, 2009May 29, 2012

by Shannon HicksFebruary 25, 2009May 29, 201201354

Under ARRA, the national FHA loan limit for HECM will increase from $417,000 to $625,500 (from 100 percent to 150 percent of the conforming limit). HECM loan mortgagors do not undergo the same procedures for credit approval as do mortgagors for forward mortgages. FHA does not deem the credit approval

Minnesota Attorney General Pushes Reverse Mortgage Legislation

Shannon HicksFebruary 8, 2009August 16, 2011

by Shannon HicksFebruary 8, 2009August 16, 201111587

Minnesota’s legislators and attorney general, concerned about disreputable mortgage brokers and lenders taking advantage of seniors, have introduced a bill that would allow borrowers to rescind a reverse mortgage for up to 30 days. The legislation, introduced in both the state House of Representatives and Senate yesterday, states that borrowers

The HVCC Changes YOUR business…

Shannon HicksJanuary 7, 2009August 16, 2011

by Shannon HicksJanuary 7, 2009August 16, 201101672

Washington, DC – Federal Housing Finance Agency (FHFA) Director James B. Lockhart announced that Fannie Mae and Freddie Mac will implement a revised Home Valuation Code of Conduct (Code) effective May 1, 2009. The Code is based on an agreement between the Enterprises, the New York State Attorney General Andrew

Growth Management – Reverse Mortgage Company

Shannon HicksDecember 20, 2008August 30, 2012

by Shannon HicksDecember 20, 2008August 30, 201201558

Now things are getting exiting. You are growing and going! Learn how and when to expand a successful reverse mortgage company. Know how to hire and train people to do the job correctly the first time through, and then retain those people. As your team develops, you will learn how

What is Reverse Mortgage University?

Shannon HicksOctober 29, 2007December 29, 2011

by Shannon HicksOctober 29, 2007December 29, 201101316

Reverse Mortgage University is the foundation on which I have built my successful Reverse Mortgage company. The foundational building blocks on which I have built my business are universal and can work for anyone who wants to be a successful Reverse Mortgage Loan Originator. We have developed systems which are

Reverse Mortgage Knowledge

Shannon HicksOctober 27, 2007December 29, 2011

by Shannon HicksOctober 27, 2007December 29, 201101357

In order to become a successful reverse mortgage loan originator you must start with the basics. Master the basic function of the Reverse Mortgage loan origination process, including filling out the loan application; Understanding basic retirement planning; social security income; senior’s typical needs and goals; and what questions to ask

5 Mistakes Reverse Mortgage Borrowers Should Avoid

The Problem with Being House-Rich

Reverse mortgage red flags to watch for

How a HECM could save uninsured homeowners from…