AARP

Researchers present HECM fixes last week

Shannon HicksNovember 4, 2019November 1, 2019

by Shannon HicksNovember 4, 2019November 1, 20192 2053

How do you fix the reverse mortgage and expand its availability? Researchers presented their ideas last week There’s no shortage of ideas when it comes to just how to strengthen the federally-insured reverse mortgage and expand its reach to older homeowners. Last Monday, the Brookings Institution hosted a symposium

Industry Survey Results & AARP’s Response to HECM Changes

Shannon HicksMarch 9, 2018March 13, 2018

by Shannon HicksMarch 9, 2018March 13, 201811719

To say that HUD’s most recent changes to the Home Equity Conversion Mortgage were met with mixed reviews would be the understatement of the decade.

A Perversion of the HECM?

Shannon HicksSeptember 6, 2016March 25, 2020

by Shannon HicksSeptember 6, 2016March 25, 202032 4487

AARP Frowns Upon Strategic Use of HECM in Portfolio Management Creativity unlocks potential markets and opens up possibilities. It also makes you a target of critics. In recent years the long overlooked principal limit growth factor (or as many refer to it as the line of credit growth rate) has

Sacred Cows

Shannon HicksAugust 15, 2016August 12, 2016

by Shannon HicksAugust 15, 2016August 12, 201616 2812

HECM Line of Credit (Principal Limit) Growth Rate in AARP’s Crosshairs Sacred cows. Those tenets or beliefs that have been long held above reproach and which are seen as immune from criticism. For the Home Equity Conversion Mortgage, one benefit has been largely left unscathed, that is until now. AARP

Is the Battle Over?

Shannon HicksJune 22, 2015October 16, 2015

by Shannon HicksJune 22, 2015October 16, 20153 1554

Is the battle over? HUD’s recent change to non borrowing spouse policy for Home Equity Conversion Mortgages is lauded by consumer advocates. June 12th may mark the end of the long fought battle between the Department of Housing and Urban Development, displaced borrowers and consumer advocacy groups.

A Clear Solution Already Exists

Shannon HicksAugust 12, 2013October 23, 2013

by Shannon HicksAugust 12, 2013October 23, 20133 1425

When it comes to those seeking to solve the issue of senior’s aging in place perhaps on quote should be mentioned. “Sometimes we stare so long at the wrong things, we miss out on the RIGHT thing standing right in front of us”.

AARP’s Six Fixes for Reverse Mortgage Program

Shannon HicksJuly 1, 2013November 14, 2013

by Shannon HicksJuly 1, 2013November 14, 20138 2313

The powerful lobying group AARP with it’s 38 million plus members has incredible clout in Washington DC. In a recent Senate hearing before lawmakers they suggested six changes to the federally insured reverse mortgage program.

An Unlikely Ally?

Shannon HicksJanuary 4, 2013September 10, 2013

by Shannon HicksJanuary 4, 2013September 10, 201314 1982

The prospect of not continuing to offer reverse mortgages has created unlikely ally for the program, AARP according to Sterne Ageel. Wall Street sees the continued profitability of the program and TWO: AARP is seen as a defender of the HECM. While AARP has long educated consumers...

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Researchers present HECM fixes last week

Industry Survey Results & AARP’s Response to HECM Changes

A Perversion of the HECM?

Sacred Cows

Is the Battle Over?

A Clear Solution Already Exists

AARP’s Six Fixes for Reverse Mortgage Program

An Unlikely Ally?

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