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Reverse Mortgage News Blog Entries

HECM & Housing Finance Reforms

Shannon Hicks
A summary of recommended HECM changes In a statement issued last week we learned that the Department of Housing and Urban Development (HUD) in cooperation with the Treasury Department presented President Donald Trump with their plans for reforming the Nation’s housing finance system and the Home Equity Conversion Mortgage program.

The waiting game

Shannon Hicks
11 activities for growth This month we wait for HUD to announce any upcoming changes to the Home Equity Conversion Mortgage. Let’s be honest. Previous changes were a mixed back of shock and awe, acceptance, and in some cases a collective sigh of relief. The problem is anticipation can easily

Lifesaver: When HECMs prevent a foreclosure

Shannon Hicks
Preventing Foreclosure The following was originally published in November 2011. Despite much of the recent negative news coverage reverse mortgages have helped countless older homeowners avoid inevitable foreclosure and eviction. Personal success stories are a powerful vehicle to imprint the value of a product or service in potential clients’ minds.

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