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Reverse Mortgage News Blog Entries

2018: A tumultuous year for the reverse mortgage

Shannon Hicks
As we closed out a tumultuous 2018 reverse mortgage professionals were not anticipating a blockbuster month for HECM endorsements. However, many were taken aback when December endorsements came in at a meager 1,751 units. Even factoring in the government shutdown which halted endorsements on December 21st, estimates would have only

Why credit scores would do little to reduce HECM losses

Shannon Hicks
If there’s one number American consumer’s doggedly pursue it is their credit score- the magic number that determines one’s ability to incur debt and at what cost. Traditional mortgage borrowers know that their credit score is pivotal in determining what interest rate they will pay on their home mortgage. Recently,

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