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Reverse Mortgage News Blog Entries

HECM improvements will pay dividends

Shannon Hicks
The focus on foreclosure prevention and servicing will pay dividends for both consumers and industry participants alike It’s a fact every salesperson and reverse mortgage professional must embrace- the vast majority of consumers inherently distrust salespeople. Will recent HECM changes help bolster the product’s legitimacy in the public eye? How

Despite Scrutiny Some Changes Could Boost HECM Credibility

Shannon Hicks
Recently recommended servicing reforms may boost HECM image It’s a fact every salesperson and reverse mortgage professional must embrace- the vast majority of consumers inherently distrust salespeople. Will recent HECM changes help bolster the product’s legitimacy in the public eye? The irony is that every major purchase from buying a

A preview of Wednesday’s HECM Congressional Hearing

Shannon Hicks
House Financial Services Committee memo on HECM hearing reveals priorities and focus points This Wednesday the Home Equity Conversion Mortgage program will face the white-hot glare of Congressional oversight and scrutiny. The House Committee on Financial Services will be reviewing the benefits and challenges of the Home Equity Conversion Mortgage-

Loan Limits: A ‘What If” Scenario

Shannon Hicks
The potential removal of the HECM’s national loan limit presents disparities in neighboring counties The updated Housing Finance Reform Plan is ambitious in both its scope and impact on the housing industry and more particularly reverse mortgage industry participants. One of the proposed changes to the HECM (Home Equity Conversion

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