Fannie Mae: Appraisals are no longer the default option

by Shannon Hicks
| 2 Comments
| March 6, 2023

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EPISODE #764
Fannie Mae: Appraisals are no longer the default option

Fannie Mae is including more options for property valuations. To learn more we interviewed AMC Class Valuation Chief Appraiser John Dingeman.

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[ReverseMortgageDaily] Here’s the final rule for FHA adjustable rate mortgages

Editor in Chief: HECMWorld.com

As a prominent commentator and Editor in Chief at HECMWorld.com, Shannon Hicks has played a pivotal role in reshaping the conversation around reverse mortgages. His unique perspectives and deep understanding of the industry have not only educated countless readers but has also contributed to introducing practical strategies utilizing housing wealth with a reverse mortgage.

Shannon’s journey into the world of reverse mortgages began in 2002 as an originator and his prior work in the financial services industry. Shannon has been covering reverse mortgage news stories since 2008 when he launched the podcast HECMWorld Weekly. Later, in 2010 he began producing the weekly video series The Industry Leader Update and Friday’s Food for Thought.

Readers wishing to submit stories or interview requests can reach our team at: info@hecmworld.com.

2 Comments

John Link
March 8, 2023 at 8:10 am
Shannon, great report this morning!! As a side note… I am looking for HECM related social media content.. do have any sources you might like to share?? Are you hearing any whispers about reverse MI being adjusted anytime soon?? That might give us some positive talking points with our clients… Thanks for your continued support of the HECM space…
John Link
Retirement Mortgage Specialist
Legacy Lending
Yuba City CA
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- Shannon HicksModerator
  March 8, 2023 at 11:20 am
  Hi John! I haven’t heard of any pending changes to the HECM’s MIP structure. We can only hope for a reduction of the upfront insurance. When it comes to creating social media content many have found success in using Canva to create images and videos. Hootsuite and other social media publishing tools have been helpful in pre-scheduling content to take away some of the heavy lifting. Hope this helps.
  
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