FHA

Examining the HECM’s Viablity

Shannon HicksApril 8, 2019April 8, 2019

by Shannon HicksApril 8, 2019April 8, 20191770

Truth be told, the HECM is not the only loan that is dependent on the government [Download transcript] The United States is in the mortgage business and in a big way. I have had to repeatedly remind myself that Uncle Sam’s reach in mortgage lending goes far beyond Home

Trump to HUD: Examine Viability of HECM Program

Shannon HicksApril 1, 2019April 3, 2019

by Shannon HicksApril 1, 2019April 3, 20195 2469

The HECM tops the list of Trump Administration’s HUD reforms [Download transcript] President Trump has directed HUD to examine the ‘viability’ of the Home Equity Conversion Mortgage and to take other steps to strengthen FHA and the housing GSE’s Fannie Mae & Freddie Mac…

Tip of the Iceberg: HECM Occupancy Abuses

Shannon HicksDecember 3, 2018December 2, 2018

by Shannon HicksDecember 3, 2018December 2, 20186 2726

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, 20180885

[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 635

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, 201811118

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 689

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

Lower interest rates have erased most of 2017…

HECMs vs. Equity-Sharing

The HECM’s outlook to be shaped by 3…

Mitigating Bad Press & Borrower Misfortune

Examining the HECM’s Viablity

Trump to HUD: Examine Viability of HECM Program

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

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