Industry Leader Update

They would rather move & Fewer HELOCs in 2019

Shannon HicksJanuary 21, 2019January 18, 2019

by Shannon HicksJanuary 21, 2019January 18, 20190535

Survey finds 1-in-3 would prefer to move elsewhere Analyst predicts fewer new HELOCs in 2019 It certainly won’t stop those with a home equity line of credit or HELOC from tapping their equity, but it may give pause to those considering the loan. Housing Wire reports Bankrate’s Chief Analyst Greg

Down Under: When lenders disappear

Shannon HicksJanuary 14, 2019January 11, 2019

by Shannon HicksJanuary 14, 2019January 11, 20190632

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 HicksJanuary 7, 2019January 7, 2019

by Shannon HicksJanuary 7, 2019January 7, 20190709

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 HicksDecember 31, 2018December 24, 2018

by Shannon HicksDecember 31, 2018December 24, 20184 920

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

2018 Year-End Thoughts

Shannon HicksDecember 24, 2018December 19, 2018

by Shannon HicksDecember 24, 2018December 19, 20182 555

Final thoughts on 2018 Merry Christmas and a happy new year from the team at Reverse Focus!

HECM Changes in 2019: Inspector General’s Report Provides Clues

Shannon HicksDecember 17, 2018December 17, 2018

by Shannon HicksDecember 17, 2018December 17, 201811093

Inspector General report points to specific risks In October HUD’s Office of the Inspector General released their report which telegraphs what changes to the HECM we may see in 2019. If you were to ask ten HECM professionals what their outlook was for 2019, you would likely get ten

Strong Words: Comments on Reverse Mortgages Spur Controversy

Shannon HicksDecember 10, 2018December 9, 2018

by Shannon HicksDecember 10, 2018December 9, 201810 905

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

Tip of the Iceberg: HECM Occupancy Abuses

Shannon HicksDecember 3, 2018December 2, 2018

by Shannon HicksDecember 3, 2018December 2, 20186 1341

HECM abuses when borrower no longer occupies the property pose risk to FHA’s MMI fund How quickly are HECM properties sold or called due and payable when the last borrower has died or moved out? More importantly, how many properties with a HECM are sitting on the books for years

A Radically Different Approach

Homeowners Marooned

Will this Save the Reverse Mortgage Industry?

Should we tear down the wall?

Industry Leader Update

They would rather move & Fewer HELOCs in 2019

Down Under: When lenders disappear

Government Shutdown, Endorsement Plunge & Outlook

Reverse Mortgage Loan Limit Increased: Impact & Outlook

2018 Year-End Thoughts

HECM Changes in 2019: Inspector General’s Report Provides Clues

Strong Words: Comments on Reverse Mortgages Spur Controversy

Tip of the Iceberg: HECM Occupancy Abuses

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