hecm policy changes

FHA’s proposed HECM policy changes: What you need to know

Shannon HicksNovember 13, 2023November 10, 2023

by Shannon HicksNovember 13, 2023November 10, 20234 711

Here are the key proposed policy changes for the HECM that every reverse mortgage originator should understand and communicate with borrowers who may find themselves in these specific situations.

HECM public perception, policy & property values

Shannon HicksOctober 17, 2022October 14, 2022

by Shannon HicksOctober 17, 2022October 14, 20222 1016

Part 2 of our exclusive interview with Dan Hultquist examines the impacts of public perception, policy, and property values on the HECM program.

Reforms may hinge on Actuarial Report

Shannon HicksOctober 28, 2019October 25, 2019

by Shannon HicksOctober 28, 2019October 25, 20193 1660

Despite improvements, Secretary Carson pushes for 3 key changes While we’ve seen no official mortgagee letter or Congressional action on recently-proposed reforms to the Home Equity Conversion Mortgage- some key changes were restated last week in HUD Secretary Ben Carson’s written remarks to the House Financial Services Committee. Legislative

HECM reforms the focus of Congressional hearing 

Shannon HicksSeptember 27, 2019September 27, 2019

by Shannon HicksSeptember 27, 2019September 27, 201912737

Recent improvements, racial targeting, and some surprising suggestions Despite the impeachment drama in our nation’s capital, the House Financial Services Committee’s hearing on the HECM was held as scheduled. It shows that some Congress members view of the HECM has evolved and some interesting proposals were put forth from

HUD Secretary committed to HECM changes

Shannon HicksSeptember 13, 2019September 13, 2019

by Shannon HicksSeptember 13, 2019September 13, 201902045

Secretary Ben Carson’s prepared remarks for recent Senate hearing confirm HUD’s mission to enact key HECM reforms While politicians squabble over the government’s role in making homeownership a reality, older homeowners who wish to use their home’s value to age in place were left out of the debate in

BREAKING- New Collateral Assessment may require 2nd appraisal

Shannon HicksSeptember 28, 2018September 29, 2018

by Shannon HicksSeptember 28, 2018September 29, 201815 4157

FHA’s New Collateral Risk Assessment will require a 2nd appraisal when determined that 1st appraisal is ‘inflated’ BREAKING- FHA announced today the enactment effective October 1st that all HECM loans must undergo a Collateral Risk Assessment to determine if the first appraisal is inflated or at market values. If

The Truth About Recent HECM Changes

Shannon HicksNovember 3, 2017November 10, 2017

by Shannon HicksNovember 3, 2017November 10, 20173 1565

What nuggets of truth can we glean from the most recent HECM reforms?

HUD Reins in HECM Program: Industry Reacts

Shannon HicksSeptember 4, 2017September 1, 2017

by Shannon HicksSeptember 4, 2017September 1, 20174 1457

Exclusive Interview with Shelley Giordano from Funding Longevity This week we discuss: How HECM lenders will compete under the new rules Potential changes to the how the HECM is viewed by seniors and HECM professionals The recent changes in light of the HECM’s mission Impact of lowered ongoing FHA premiums

2024 HECM Limit Increased: Here’s why

Two reasons for the Fed cut rates in…

HECM Counseling Demystified

FHA’s proposed HECM policy changes: What you need…

hecm policy changes

FHA’s proposed HECM policy changes: What you need to know

HECM public perception, policy & property values

Reforms may hinge on Actuarial Report

HECM reforms the focus of Congressional hearing

HUD Secretary committed to HECM changes

BREAKING- New Collateral Assessment may require 2nd appraisal

The Truth About Recent HECM Changes

HUD Reins in HECM Program: Industry Reacts

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