HECM

The much-maligned loan that may be embraced

Shannon HicksJune 8, 2020June 9, 2020

by Shannon HicksJune 8, 2020June 9, 20203 601

“ If the overall unemployment rate reaches 25%, we project 10.5 million older workers will lose their jobs. For those in the lower half of the earnings distribution, 6.1 million older workers (29%) are projected to be laid off”. That is the stark prediction released by The New School’s Schwartz Center for Economic Policy Analysis.

Forbes: ‘How Heirs Should Handle A Reverse Mortgage After Death’

Shannon HicksNovember 12, 2019

by Shannon HicksNovember 12, 20190546

All Reverse Mortgage’s CEO Michael Branson penned another excellent column in Forbes- this time addressing how heirs and adult children can transfer a HECM property to the new owner and what paperwork is needed to ‘walk away’ from the home and the outstanding mortgage balance. [READ FULL ARTICLE HERE]

HECM reforms the focus of Congressional hearing 

Shannon HicksSeptember 27, 2019September 27, 2019

by Shannon HicksSeptember 27, 2019September 27, 201911280

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

Can a Foreclosure Occur with a Reverse Mortgage?

Dan HultquistJune 18, 2019June 18, 2019

by Dan HultquistJune 18, 2019June 18, 20194 2183

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.

Is it Equity or Value? That is the Question

Shannon HicksOctober 29, 2018October 26, 2018

by Shannon HicksOctober 29, 2018October 26, 201811125

Common explanations that may create confusion A wise person once said, “Words are free. It’s how you use them that may cost you.”At some point in our careers, most of us have been guilty misusing keywords when describing the features and benefits of the federally-insured reverse mortgage. I most

Asking the Right Questions: Structuring a Loan

Shannon HicksJuly 29, 2018August 30, 2018

by Shannon HicksJuly 29, 2018August 30, 201801067

This week we continue with our conclusion of how to structure HECM loans with our special guest Sharon Falvey of Harbor View Consulting.

Returning to Our Core Mission

Shannon HicksApril 6, 2018April 6, 2018

by Shannon HicksApril 6, 2018April 6, 20183 838

Despite HECM changes & cutbacks, more seniors stand to benefit eliminating their mortgage payments To say that today’s retiree is not prepared to retire is an understatement. More American’s approaching retirement have little or no savings to fund their non-working years. Not surprising in light of fewer pensions, higher inflation

What comes AFTER the Coronavirus?

Wealth disparity and home equity

Here’s what’s wrong with retirement planning

The One Question You Should Always Ask

The much-maligned loan that may be embraced

Forbes: ‘How Heirs Should Handle A Reverse Mortgage After Death’

HECM reforms the focus of Congressional hearing

Can a Foreclosure Occur with a Reverse Mortgage?

Is it Equity or Value? That is the Question

Asking the Right Questions: Structuring a Loan

Returning to Our Core Mission

More Questions Than Answers

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