Industry Leader Update

No Mortgage is Risk-Free

Shannon HicksJuly 22, 2019July 23, 2019

by Shannon HicksJuly 22, 2019July 23, 20191629

The media often overlooks the risks inherent in any mortgage: froward or reverse | download transcript | We see many national media headlines on how risky a reverse mortgage can be for older homeowners. Risky? This week we briefly touch on the most common risks that can be found

Foreclosure Confusion & Media Fallout

Shannon HicksJuly 15, 2019July 10, 2019

by Shannon HicksJuly 15, 2019July 10, 20191521

HECM loan terminations and ‘foreclosures’ source of recent negative press coverage Let’s face it. Foreclosure is an ugly and scary word. Unfortunately, it’s the same word that is commonly used when a Home Equity Conversion Mortgage is terminated- often when the loan balance exceeds the home’s value. Additional resources:

Housing Market & Interest Rate Changes

Shannon HicksJuly 8, 2019July 8, 2019

by Shannon HicksJuly 8, 2019July 8, 20193 675

What recent changes in the housing market and mortgage interest rates mean for HECM lenders We rarely discuss what is happening in the traditional mortgage market. Yet the larger overall mortgage market and prevailing 30-year mortgage rates have a direct impact on reverse mortgage borrowers and our industry at

Part 2: An interview with Don Graves

Shannon HicksJuly 1, 2019July 2, 2019

by Shannon HicksJuly 1, 2019July 2, 20190723

Exclusive Interview with Don Graves (part two) In the conclusion of our interview we discuss adjusting to the October 2017 HECM reforms, keeping in front of referring partners, and how to strike up a constructive conversation with financial professionals.

An interview with Don Graves

Shannon HicksJune 24, 2019June 22, 2019

by Shannon HicksJune 24, 2019June 22, 20195 770

Exclusive Interview with Don Graves (part one) Don Graves has not only built a successful reverse mortgage business in Philadelphia, but he is also perhaps one of the most encouraging and inspiring individuals I have had the pleasure to call a friend in our industry. We will be discussing

All that USA Today got wrong about reverse mortgages

Shannon HicksJune 17, 2019June 14, 2019

by Shannon HicksJune 17, 2019June 14, 20199 1207

A rebuttal to USA Today’s recent expose/editorial on reverse mortgages If there’s one thing many media outlets practice it is selective reporting of facts, willful omission, dividing Americans by race or economic class, and fear-mongering to garner clicks to increase ad revenues. Such are the criticisms that come to

Home appreciation slowing- This Week’s RM News

Shannon HicksJune 10, 2019June 7, 2019

by Shannon HicksJune 10, 2019June 7, 20191553

Home appreciation slows- RMS up for auction-RM’s evolving Watch for a round-up of this week’s top reverse mortgage news stories.

The HECM CBO report, politics & Congress

Shannon HicksJune 3, 2019June 3, 2019

by Shannon HicksJune 3, 2019June 3, 20190801

The political consideration of the CBO’s HECM report The unexpected news of the Congressional Budget Office’s report on reforming the HECM program created quite a splash among industry watchers. As the initial shock of the government watchdog’s recommendations sinks in, some are reading between the lines. One of the

HUD Secretary committed to HECM changes

BREAKING: Major HECM Changes Announced

Spendthrift Risk & Negative Interest Rates

HECM October Changes- Survey Says

Industry Leader Update

No Mortgage is Risk-Free

Foreclosure Confusion & Media Fallout

Housing Market & Interest Rate Changes

Part 2: An interview with Don Graves

An interview with Don Graves

All that USA Today got wrong about reverse mortgages

Home appreciation slowing- This Week’s RM News

The HECM CBO report, politics & Congress

Connect With Us

SUBSCRIBE