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HECM industry outlook

What’s stopping HECM loan growth?

Shannon Hicks
 Are repeated HECM changes and stricter guidelines preventing substantial growth in HECM endorsements? Despite increasing housing wealth, a growing senior population,  and increasing financial need few older homeowners are taking a reverse mortgage. An examination of potential roadblocks and how to overcome them.

Proprietary RMs Gain as HECM Evolves

Shannon Hicks
Lenders continue to expand their proprietary reverse mortgage offerings – a timely development FHA sees as encouraging. “We are considering some other changes [to the HECM program]”. Those are the words of FHA Commissioner Brian Montgomery during a media conference call for the release of FHA’s report to Congress last

The Source of All HECM Endorsements

Shannon Hicks
 The leading indicator of HECM loan volume Which came first the chicken or the egg? There’s no number that reverse mortgage lenders and originators track more closely than our monthly endorsement totals. That is, the number of federally-insured reverse mortgages that are formally ‘insured’. In fact, our monthly Top

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