economy

The Sky Is Not Falling with Interest Rate Hikes

Shannon Hicks
Interest rate hikes are here. How to cope? The Federal Reserve has already increased the benchmark federal funds rate and has telegraphed their intention for additional hikes this year. Do reverse mortgage lenders and borrowers need to worry? Be careful what you wish for. Monetary policy dictates that as the

Insurance fund for RMs looking healthy: Industry Leader Update

Shannon Hicks
[ad#Kirchmeyer] [vimeo id=”30521686″ width=”601″ height=”338″] HUD Secretary says fund backing reverse mortgages looks good… The lackluster condition of of the Mutual Mortgage Insurance fund in fiscal year 2010 lead to some sweeping changes which included a reduction of principal limit factors, an increase of ongoing FHA insurance and the introduction

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