Congress

The 2019 HECM FHA Report to Congress

Shannon HicksNovember 18, 2019November 25, 2019

by Shannon HicksNovember 18, 2019November 25, 20191774

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

Politics, Gridlock & CFPB Enforcement

Shannon HicksOctober 21, 2019October 21, 2019

by Shannon HicksOctober 21, 2019October 21, 20191581

Political gridlock, proposed changes & CFPB finding on HECM APRs We’re in the full swing of the political season as the 2020 presidential race is underway. In a recent LGBTQ Town Hall hosted by CNN on October 10th, former HUD Secretary Julian Castro called out the agency’s head Ben

Despite Scrutiny Some Changes Could Boost HECM Credibility

Shannon HicksSeptember 30, 2019October 1, 2019

by Shannon HicksSeptember 30, 2019October 1, 20192 818

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

HECM reforms the focus of Congressional hearing 

Shannon HicksSeptember 27, 2019September 27, 2019

by Shannon HicksSeptember 27, 2019September 27, 20191978

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

The HECM CBO report, politics & Congress

Shannon HicksJune 3, 2019June 3, 2019

by Shannon HicksJune 3, 2019June 3, 20190878

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

BREAKING: 2018 FHA HECM MMI Fund Summary

Shannon HicksNovember 15, 2018November 15, 2018

by Shannon HicksNovember 15, 2018November 15, 201811211

[Download full report] [View press release summary] [Full Actuarial Review] Modest improvements and continued economic losses to the HECM portion of FHA’s MMI Fund

Foreclosure claims stir Congressional scrutiny

Shannon HicksMarch 23, 2018March 23, 2018

by Shannon HicksMarch 23, 2018March 23, 20185 603

The number of allgeged ‘foreclosures’ have raised the eyebrows of lawmakers tasked with overseeing HUD's budget and the HECM program...

Are More HECM Reforms Needed?

Shannon HicksJanuary 16, 2017January 15, 2017

by Shannon HicksJanuary 16, 2017January 15, 20170326

Are More Rule Changes Needed or Does Data Need to Be Reexamined? The new year is upon us and we can leave 2016 in the rear view mirror, with the exception of HUD’s pending reverse mortgage rules. Are additional HECM reforms truly needed to strengthen the HECM program? In the

Abandoned HECM Properties

BREAKING: HECM Lending Limit Increased

New HECM Applications on the Rise

Despite Improvements a Call for HECM Structural Changes

Congress

The 2019 HECM FHA Report to Congress

Politics, Gridlock & CFPB Enforcement

Despite Scrutiny Some Changes Could Boost HECM Credibility

HECM reforms the focus of Congressional hearing

The HECM CBO report, politics & Congress

BREAKING: 2018 FHA HECM MMI Fund Summary

Foreclosure claims stir Congressional scrutiny

Are More HECM Reforms Needed?

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