Shannon Hicks

http://www.reversefocus.com - 2111 Posts - 611 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 .

Landmark Reverse Loan Services expands hours for NATIONAL coverage

Shannon HicksNovember 30, 2009June 12, 2012

by Shannon HicksNovember 30, 2009June 12, 201201231

Landmark Reverse Loan Services is expanding their operations and their hours. Starting January 1st, Landmark Reverse will be fully staffed and operational from 6:00am PST to 7:00pm PST to ensure the entire nation properly serviced during normal business hours. In addition, Landmark Reverse is excited to introduce their Regional Solution

Don’t Jump the Shark!

Shannon HicksOctober 20, 2009October 20, 2020

by Shannon HicksOctober 20, 2009October 20, 20200812

Jumping the shark- the ridiculous, the absurd, or perhaps a gimmick in the sad attempt to remain relevant. The phrase was born from the moment Fonzie wearing his signature leather jacket and swim shorts jumped a shark. Critics said it signaled the beginning of the end of Happy Days.

Mortgage brokers no longer allowed to order FHA appraisals…

Shannon HicksSeptember 21, 2009June 12, 2012

by Shannon HicksSeptember 21, 2009June 12, 201201483

Federal Housing Administration Policy Changes The Federal Housing Administration (FHA) today announced several significant policy changes that are intended to improve their exposure to risk. The changes, effective January 1, include: Modification of Procedures for Streamline Refinance Transactions Adoption of Home Valuation Code of Conduct Guidelines (some not all) Updated Appraisal

Studies Detail HUD’s Risk for HECM Loans

Shannon HicksAugust 20, 2009June 12, 2012

by Shannon HicksAugust 20, 2009June 12, 20122 1791

Home Values, Loan Amounts, and Seniors Home values, loan amounts, and the way seniors use home equity conversion mortgages impact the Federal Housing Administration’s potential liability for its reverse mortgage program, recent studies show. If the Department of Housing and Urban Development had used the same home appreciation models for

MetLife Releases Study on Reverse Mortgages

Shannon HicksJune 24, 2009June 12, 2012

by Shannon HicksJune 24, 2009June 12, 201201484

As more seniors tap into their home equity to deal with the growing uncertainties of retirement, a report released by the MetLife Mature Market Institute calls for a comprehensive approach to educate and protect seniors on how to use home equity for financial planning. Approximately 14% of seniors are taking

Is Your Reverse Mortgage Marketing “Insane”?

Shannon HicksJune 5, 2009July 19, 2018

by Shannon HicksJune 5, 2009July 19, 201801458

The old saying goes something like this.... "insanity is doing the same thing over and over again

30-day Rescission Period Dropped from California Bill

Shannon HicksMay 7, 2009June 12, 2012

by Shannon HicksMay 7, 2009June 12, 201201106

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, 201201244

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

2024 HECM Limit Increased: Here’s why

Two reasons for the Fed cut rates in…

HECM Counseling Demystified

FHA’s proposed HECM policy changes: What you need…