Congress

The HECM CBO report, politics & Congress

Shannon HicksJune 3, 2019June 3, 2019

by Shannon HicksJune 3, 2019June 3, 20190752

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, 201811118

[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 500

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, 20170261

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

Scalpel or an Axe? HECM Reforms.

Shannon HicksJuly 29, 2013November 13, 2013

by Shannon HicksJuly 29, 2013November 13, 20136 339

[ad#Network Funding] Without Congressional Authority FHA is Faced with Hard Choices [vimeo id=”71124155″ width=”625″ height=”352″] HUD would prefer to take the surgeon’s approach making fine tuned adjustments to the federally-insured reverse mortgage or HECM program. Presently it is left with the axe of harsh change unless Congress acts to give

Soon Harder to Get…

Shannon HicksJuly 22, 2013November 13, 2013

by Shannon HicksJuly 22, 2013November 13, 20131395

For future reverse mortgage borrowers qualifying may become problematic. In a recent article in the New York Times “Rules for Reverse Mortgage Borrowers May Become More Restrictive” Christopher Mayer describes the likely approach...

AARP’s Six Fixes for Reverse Mortgage Program

Shannon HicksJuly 1, 2013November 14, 2013

by Shannon HicksJuly 1, 2013November 14, 20138 440

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.

New Bill Would Grant FHA Authority to Make Changes

Shannon HicksMarch 11, 2013September 10, 2013

by Shannon HicksMarch 11, 2013September 10, 20138 578

The newly introduced “HECM Stabilization Act of 2013”, or Senate Bill 469, would give FHA the Congressional authority to make sweeping changes to the federally-insured reverse mortgage program.

Lower interest rates have erased most of 2017…

HECMs vs. Equity-Sharing

The HECM’s outlook to be shaped by 3…

Mitigating Bad Press & Borrower Misfortune

Congress

The HECM CBO report, politics & Congress

BREAKING: 2018 FHA HECM MMI Fund Summary

Foreclosure claims stir Congressional scrutiny

Are More HECM Reforms Needed?

Scalpel or an Axe? HECM Reforms.

Soon Harder to Get…

AARP’s Six Fixes for Reverse Mortgage Program

New Bill Would Grant FHA Authority to Make Changes

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