HECM

Can a Foreclosure Occur with a Reverse Mortgage?

Dan HultquistJune 18, 2019June 18, 2019

by Dan HultquistJune 18, 2019June 18, 20194 1168

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, 20181861

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, 20180740

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 531

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

Economist Claims Annuities ‘Safer” than HECM

Shannon HicksJune 26, 2017June 26, 2017

by Shannon HicksJune 26, 2017June 26, 20174 350

Syndicated Columnist Recommends Cross-Selling Strategy…with a Twist Just as the reverse mortgage suffered much negative media coverage and hand-wringing from financial pundits, so have annuities. If an annuity sounds familiar to reverse mortgage professionals, it should. Annuities were the financial product most often associated with what many considered a

Properly Explaining the HECM Line of Credit

Shannon HicksJune 8, 2017June 6, 2017

by Shannon HicksJune 8, 2017June 6, 20170409

Many get it wrong- are you correctly explaining the line of credit Solid product knowledge brings sales confidence. How accurate is your description of how the HECM line of credit (principal limit growth rate) works? Join Norcom Mortgage today and let them help get you started! About John Luddy: John

Some See the HECM Financial Assessment As A Benefit

Shannon HicksApril 24, 2017April 21, 2017

by Shannon HicksApril 24, 2017April 21, 20175 510

Two Years Later the Financial Assessment Receives Mixed Reviews The implementation of the HECM Financial Assessment was met with mixed reviews when it was launched in April 2015. While many industry professionals have remained critical of the new underwriting guidelines some welcome the assessment as see it as a net

HUD Secretary committed to HECM changes

BREAKING: Major HECM Changes Announced

Spendthrift Risk & Negative Interest Rates

HECM October Changes- Survey Says

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

Economist Claims Annuities ‘Safer” than HECM

Properly Explaining the HECM Line of Credit

Some See the HECM Financial Assessment As A Benefit

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