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Podcast E647: Revision Improves HECM’s Economic Net Worth by $7B

Shannon Hicks
by Shannon Hicks0582
Unable to use the embedded player? Listen here. Revision Improves HECM’s Economic Net Worth by $7B One industry observer noted a difference between HUD’s Annual Report to Congress and the actuarial review of the HECM in FHA’s insurance fund. Here’s how a $7 billion difference was found and why. Other
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Podcast E644: HECM Program Improves Despite COVID

Shannon Hicks
by Shannon Hicks2 560
Unable to use the embedded player? Listen here. HECM Program Improves Valuation in FY 2020 In the early spring, the American economy was nearly flattened by shut-downs and shelter in place orders across the nation as a result of the COVID-19 pandemic. Ironically- despite this massive market interruption, FHA’s most
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BREAKING: FHA Annual Report with Narrated Video Summary

Shannon Hicks
by Shannon Hicks0830
 Without audience targeting are Google Ads Dead? Think again… Early this month Google announced new restrictions for targeting specific audiences. The restrictions apply to content related to housing, employment, credit, and those who are disproportionately affected by societal biases. The news of these restrictions created quite a stir among
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The 2019 HECM FHA Report to Congress

Shannon Hicks
by Shannon Hicks11693
 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
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Pending HECM Changes: The Industry Waits

Shannon Hicks
by Shannon Hicks09807
 Proposed changes linger after Congressional hearing As one commenter on HECMWorld put it ‘The HECM program got through the hearing all but unscathed’. Very true considering our long history of continued reductions in Principal Limit Factors and restrictions on how proceeds are distributed. That being said, we have several
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Loan Limits: A ‘What If” Scenario

Shannon Hicks
by Shannon Hicks01507
The potential removal of the HECM’s national loan limit presents disparities in neighboring counties The updated Housing Finance Reform Plan is ambitious in both its scope and impact on the housing industry and more particularly reverse mortgage industry participants. One of the proposed changes to the HECM (Home Equity Conversion
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