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Industry Leader Update

Strong Words: Comments on Reverse Mortgages Spur Controversy

Shannon Hicks
 This week: Former FHA Commissioner takes aim at reverse mortgages and a clear and present danger to the HECM Former FHA Commissioner David Stevens wasn’t merely providing some suggestions on how to improve the Home Equity Conversion Mortgage. He also took aim squarely at the industry, its alleged practices, and

FHA’s MMI Fund Report Explained

Shannon Hicks
[Download full report] [View 1-minute video summary] [Full Actuarial Review]  A look behind the numbers and factors that shaped the FHA MMI Fund Report to Congress A recap of FHA’s and HUD’s media conference call, an examination of HECM risks, and how the value of the fund is calculated.

NRMLA Recap: Commissioner speaks to industry- More Changes Coming

Shannon Hicks
 FHA Commissioner, Proprietary Reverse Mortgages, and Market Branding highlight 2018 NRMLA Annual Meeting Despite a year of setbacks for many, the 2018 National Reverse Mortgage Lenders Association Annual Meeting not only signaled a retooling of our industry but the course that lies before us.  [there is no video transcript

Is it Equity or Value? That is the Question

Shannon Hicks
 Common explanations that may create confusion A wise person once said, “Words are free. It’s how you use them that may cost you.”At some point in our careers, most of us have been guilty misusing keywords when describing the features and benefits of the federally-insured reverse mortgage. I most

The 2018 NRMLA Annual Meeting: A Sneak Peek

Shannon Hicks
 Here’s a sneak preview of the coming attractions *Please pardon our focus issue this week. The problem is being resolved. In a few short days, the National Reverse Mortgage Lenders Association’s 2018 Annual Meeting and Expo will begin in sunny San Diego, California. What should you expect? Here’s a

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