foreclosure

Foreclosure Confusion & Media Fallout

Shannon HicksJuly 15, 2019July 10, 2019

by Shannon HicksJuly 15, 2019July 10, 20190155

HECM loan terminations and ‘foreclosures’ source of recent negative press coverage Let’s face it. Foreclosure is an ugly and scary word. Unfortunately, it’s the same word that is commonly used when a Home Equity Conversion Mortgage is terminated- often when the loan balance exceeds the home’s value. Additional resources:

Can a Foreclosure Occur with a Reverse Mortgage?

Dan HultquistJune 18, 2019June 18, 2019

by Dan HultquistJune 18, 2019June 18, 20192 908

As a mortgage professional, I worked nights and weekends as a housing counselor during the financial crisis. Foreclosures are scary and heartbreaking, and I will admit to crying with clients when their only option was to pick up boxes behind the grocery store and find any friend with a truck.

Foreclosure claims stir Congressional scrutiny

Shannon HicksMarch 23, 2018March 23, 2018

by Shannon HicksMarch 23, 2018March 23, 20185 445

The number of allgeged ‘foreclosures’ have raised the eyebrows of lawmakers tasked with overseeing HUD's budget and the HECM program...

HECMs, housing shortages, and foreclosure loopholes.

Shannon HicksMarch 2, 2018March 5, 2018

by Shannon HicksMarch 2, 2018March 5, 20182 407

Are reverse mortgages contributing to regional housing inventory shortages? How the Michigan Tax Tribunal views HECM proceeds and property tax obligations. Philadelphia Councilwoman seeks to close foreclosure loophole. Harlan Accola publishes his latest book.

A Convenient Scapegoat

Shannon HicksAugust 29, 2017August 29, 2017

by Shannon HicksAugust 29, 2017August 29, 20174 591

“If it bleeds it leads”. This phrase gives the general public a peek behind the curtain of print and television journalism’s choice of what’s ‘news’ and how it is presented (slanted). Fear-based news has become even more profitable with the advent of online news sites seeking salacious headlines using fear

A Surprise HECM Foreclosure?

Shannon HicksFebruary 13, 2017February 16, 2017

by Shannon HicksFebruary 13, 2017February 16, 20177 269

Possible Remedies to Prevent HECM Defaults The reverse mortgage industry could lament it’s treatment in the media, in the words of Rodney Dangerfield, “that’s the story of my life…no respect”. NBC4’s consumer reporter dramatically recounts the tale of a HECM borrower who narrowly avoided foreclosure. The borrower’s power of attorney

Are More HECM Reforms Needed?

Shannon HicksJanuary 16, 2017January 15, 2017

by Shannon HicksJanuary 16, 2017January 15, 20170238

Are More Rule Changes Needed or Does Data Need to Be Reexamined? The new year is upon us and we can leave 2016 in the rear view mirror, with the exception of HUD’s pending reverse mortgage rules. Are additional HECM reforms truly needed to strengthen the HECM program? In the

The Myth of Reverse Mortgage Foreclosures?

Shannon HicksJanuary 2, 2017December 29, 2016

by Shannon HicksJanuary 2, 2017December 29, 20165 364

Guttentag Questions the Definition of a HECM ‘Foreclosure’ “Whoever controls the language controls the debate”. The purported ‘epidemic’ of reverse mortgage foreclosures has long been a staple for major media outlets to attack the reverse mortgage as a risky and dangerous loan. Closer to home, the incidence of HECM foreclosures

Foreclosure Confusion & Media Fallout

Housing Market & Interest Rate Changes

Part 2: An interview with Don Graves

An interview with Don Graves

foreclosure

Foreclosure Confusion & Media Fallout

Can a Foreclosure Occur with a Reverse Mortgage?

Foreclosure claims stir Congressional scrutiny

HECMs, housing shortages, and foreclosure loopholes.

A Convenient Scapegoat

A Surprise HECM Foreclosure?

Are More HECM Reforms Needed?

The Myth of Reverse Mortgage Foreclosures?

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