Industry Leader Update

The Source of All HECM Endorsements

Shannon Hicks
 The leading indicator of HECM loan volume Which came first the chicken or the egg? There’s no number that reverse mortgage lenders and originators track more closely than our monthly endorsement totals. That is, the number of federally-insured reverse mortgages that are formally ‘insured’. In fact, our monthly Top

Older Homeowners Facing 3 Risks

Shannon Hicks
Download the January Top 100 HECM Lenders Report  Even retirees who saved for retirement are at risk Older American homeowners may want to take a second look at all their retirement options sooner than later.  Retirees who have saved for their retirement may find themselves challenged more specifically in

Down Under: When lenders disappear

Shannon Hicks
 Australia: largest reverse mortgage lenders exit What happens when reverse mortgage lenders suddenly disappear? Australia is instructive on what happens when lenders offering a needed loan to help seniors age in place suddenly disappear. Despite the strong criticism and negative media stories covering the loan, it would seem the

Government Shutdown, Endorsement Plunge & Outlook

Shannon Hicks
 Thinking Big in a Smaller Market The bickering continues in Washington DC resulting from the budget stalemate and subsequent limited government shutdown. Veteran originators will recall a 16-day shutdown in October 2013.  During this time endorsements of all Home Equity Conversion Mortgages cease. All FHA mortgages stand to be impacted

Reverse Mortgage Loan Limit Increased: Impact & Outlook

Shannon Hicks
 Potential Impact of Lending Limit Increase The Department of Housing and Urban Development announced the third consecutive increase of its national lending limit to $726,525 for the federally-insured reverse mortgage and FHA loans beginning January 1st, 2019. An increase of over $46,000 from its previous limit of $679,650. The risks

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