Federal Reserve

Rate hike, equity sharing, divorce, and family loans

Shannon HicksJune 17, 2018June 15, 2018

by Shannon HicksJune 17, 2018June 15, 201811557

Despite challenges there is reason for measured optimism HECM originators in the state of Connecticut have their own October surprise. The state’s governor signed into law Senate Bill 150 which goes into effect October 1st, 2018. It requires that prospective borrowers receive HECM counseling and provide a certificate of completion

The Sky Is Not Falling with Interest Rate Hikes

Shannon HicksMarch 27, 2017March 24, 2017

by Shannon HicksMarch 27, 2017March 24, 201711369

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

Big Changes Ahead in 2017

Shannon HicksMarch 13, 2017March 10, 2017

by Shannon HicksMarch 13, 2017March 10, 20172 1331

3 reasons why you should expect big changes in 2017 The political landscape changed with a sudden seismic shift felt across the world. Domestically the impacts of a new populist, small government philosophy may manifest themselves in a variety of ways that will impact reverse mortgage lending this year. Slashing

Interest Rate Cliffhanger

Shannon HicksSeptember 21, 2015October 16, 2015

by Shannon HicksSeptember 21, 2015October 16, 201501111

[vimeo id=”139756544″ width=”625″ height=”352″] The Potential Impacts When the Fed Raises Interest Rates It’s been a cliffhanger of sorts. The U.S. economy appears to be recovering yet their are fundamental issues that are not resolved. In the wake of the financial crisis of 2009 interest rates have been held at

Is there a silver lining?

Shannon HicksApril 2, 2011September 10, 2013

by Shannon HicksApril 2, 2011September 10, 20132 1303

UPDATE: On Thursday March 31st the US Court of Appeals granted a temporary administrative stay delaying the rule at least until April 5th at which time there will be a hearing.

Goodbye HVCC?

Shannon HicksOctober 24, 2010July 26, 2012

by Shannon HicksOctober 24, 2010July 26, 201211 1725

The Federal Reserve has passed an interim rule (read more here) that effectively eliminates the controversial HVCC (Home Valuation Code of Conduct). Many originators and industry professionals agree that appraisal independence is needed but not on how to achieve that end. Without the HVCC will much really change? What are

The Problem with Being House-Rich

Reverse mortgage red flags to watch for

How a HECM could save uninsured homeowners from…

Survey reveals a missed opportunity for HECM acceptance

Federal Reserve

Rate hike, equity sharing, divorce, and family loans

The Sky Is Not Falling with Interest Rate Hikes

Big Changes Ahead in 2017

Interest Rate Cliffhanger

Is there a silver lining?

Goodbye HVCC?

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