FHA

Tip of the Iceberg: HECM Occupancy Abuses

Shannon HicksDecember 3, 2018December 2, 2018

by Shannon HicksDecember 3, 2018December 2, 20186 1242

HECM abuses when borrower no longer occupies the property pose risk to FHA’s MMI fund How quickly are HECM properties sold or called due and payable when the last borrower has died or moved out? More importantly, how many properties with a HECM are sitting on the books for years

FHA’s MMI Fund Report Explained

Shannon HicksNovember 19, 2018November 20, 2018

by Shannon HicksNovember 19, 2018November 20, 20180658

[Download full report] [View 1-minute video summary] [Full Actuarial Review] A look behind the numbers and factors that shaped the FHA MMI Fund Report to Congress A recap of FHA’s and HUD’s media conference call, an examination of HECM risks, and how the value of the fund is calculated.

From Dependency to Diversification

Shannon HicksNovember 13, 2018November 12, 2018

by Shannon HicksNovember 13, 2018November 12, 20182 477

Not too many years ago there was a time when the typical reverse mortgage professional could confidently build their business on a singular loan; the Home Equity Conversion Mortgage. That business model has become increasingly difficult to sustain in recent years. While some continue to succeed only offering the federally-insured

NRMLA Recap: Commissioner speaks to industry- More Changes Coming

Shannon HicksNovember 5, 2018November 2, 2018

by Shannon HicksNovember 5, 2018November 2, 20181902

FHA Commissioner, Proprietary Reverse Mortgages, and Market Branding highlight 2018 NRMLA Annual Meeting Despite a year of setbacks for many, the 2018 National Reverse Mortgage Lenders Association Annual Meeting not only signaled a retooling of our industry but the course that lies before us. [there is no video transcript

BREAKING- HECM Report: Losses & Future Impact

Shannon HicksNovember 20, 2017November 14, 2018

by Shannon HicksNovember 20, 2017November 14, 20182 379

New Report Separates & Exposes HECM Liabilities HUD’s most recent actuarial review and net value of the Home Equity Conversion Mortgage sent shockwaves through the reverse mortgage industry last week. **Listen to this week’s podcast for the latest reverse mortgage news stories** The 2017 Fiscal Year actuarial review of the

BREAKING: HUD Cuts PLF Factors, % Rate Floor & Increases Upfront FHA Insurance Premiums

Shannon HicksAugust 30, 2017September 6, 2017

by Shannon HicksAugust 30, 2017September 6, 201713 856

Without any prior warning or industry comment, HUD formally announced an increase of upfront insurance premiums for all borrowers, regardless of initial distributions, to 2% upfront, and .5% for ongoing mortgage insurance premiums. The agency stated the need to ensure the continued economic sustainablity of the HECM program and its

The Trump Era & The HECM

Shannon HicksMay 30, 2017May 26, 2017

by Shannon HicksMay 30, 2017May 26, 20171246

Good News for HECM, Not So Much for Housing Programs President Donald trump embodies the essence of a political wrecking ball in Washington D.C.- a city known to cling tightly to political traditions of governing and supporting long-standing social programs, despite our ballooning deficits. While the President weathers opposition from

The Source of All HECM Endorsements

Older Homeowners Facing 3 Risks

More than a cliche: Back to Basics

Unwinding Legacy HECM Issues

Tip of the Iceberg: HECM Occupancy Abuses

FHA’s MMI Fund Report Explained

From Dependency to Diversification

NRMLA Recap: Commissioner speaks to industry- More Changes Coming

More Questions Than Answers

BREAKING- HECM Report: Losses & Future Impact

BREAKING: HUD Cuts PLF Factors, % Rate Floor & Increases Upfront FHA Insurance Premiums

The Trump Era & The HECM

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