Industry Leader Update

HUD Secretary committed to HECM changes

Shannon Hicks
 Secretary Ben Carson’s prepared remarks for recent Senate hearing confirm HUD’s mission to enact key HECM reforms While politicians squabble over the government’s role in making homeownership a reality, older homeowners who wish to use their home’s value to age in place were left out of the debate in

BREAKING: Major HECM Changes Announced

Shannon Hicks
 HECM-to-HECM Refis Targeted, Appraisal Scrutiny & More Late last Thursday afternoon we received word that the Department of Housing and Urban Development (HUD) in cooperation with the Treasury Department presented President Donald Trump with their plan for reforming the Nation’s housing finance system and the Home Equity Conversion Mortgage

Lower interest rates have erased most of 2017 PLF cuts

Shannon Hicks
 Record-low LIBOR rates and competitive margins erase most of 2017 PLF reductions Dan Hultquist of Finance of America Reverse returns for another exclusive interview; this time discussing how a record low-interest-rate environment do erase most of the impact of the October 2017 PLF reduction and much more.  

The HECM’s outlook to be shaped by 3 factors

Shannon Hicks
Three factors that will shape the HECM in 2020 What is presently shaping reverse mortgage production today, and what will influence our future? First is the ‘feeder’ of all reverse mortgage endorsements. Before any federally-insured reverse mortgage is underwritten, has funds disbursed or is ultimately insured or ‘endorsed’ it begins

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