SUBSCRIBE

Congress

Podcast E644: HECM Program Improves Despite COVID

Shannon Hicks
by Shannon Hicks2 869
Unable to use the embedded player? Listen here. HECM Program Improves Valuation in FY 2020 In the early spring, the American economy was nearly flattened by shut-downs and shelter in place orders across the nation as a result of the COVID-19 pandemic. Ironically- despite this massive market interruption, FHA’s most
Read more

The 2019 HECM FHA Report to Congress

Shannon Hicks
by Shannon Hicks12264
 What you need to know about FHA’s Report to Congress on the Home Equity Conversion Mortgage [Download transcript] Each year reverse mortgage lenders, originators and other mortgage market participants eagerly await the release of the Federal Housing Administration’s report to Congress on the financial status of the Mutual Mortgage
Read more

Despite Scrutiny Some Changes Could Boost HECM Credibility

Shannon Hicks
by Shannon Hicks2 1645
Recently recommended servicing reforms may boost HECM image It’s a fact every salesperson and reverse mortgage professional must embrace- the vast majority of consumers inherently distrust salespeople. Will recent HECM changes help bolster the product’s legitimacy in the public eye? The irony is that every major purchase from buying a
Read more

HECM reforms the focus of Congressional hearing


Shannon Hicks
by Shannon Hicks12401
 Recent improvements, racial targeting, and some surprising suggestions Despite the impeachment drama in our nation’s capital, the House Financial Services Committee’s hearing on the HECM was held as scheduled. It shows that some Congress members view of the HECM has evolved and some interesting proposals were put forth from
Read more

The HECM CBO report, politics & Congress

Shannon Hicks
by Shannon Hicks01524
 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
Read more

HECMWorld.com uses cookies to improve user-experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Cookies View Policy

DON'T MISS OUT!
Subscribe To Our Newsletter
Be the first to get latest Reverse Industry updates and exclusive HECMWorld.com content straight to your email inbox.
SUBSCRIBE
Your information will never be shared.
close-link