HUD

LIBOR’s Endgame in the U.S. Requires Urgent Preparation

Shannon Hicks
Unable to use the embedded player? Listen here. EPISODE #655 Recap of HUD Secretary Nomination Hearing for Marcia Fudge Last Thursday HUD Secretary Designate & Nominee Marcia Fudge, currently a member of Congress,  appeared before Senate Committee on Banking, Housing, and Urban Development for her nomination hearing. The following are

Is the HECM Durable or a Drain?

Shannon Hicks
 Without audience targeting are Google Ads Dead? Think again… Early this month Google announced new restrictions for targeting specific audiences. The restrictions apply to content related to housing, employment, credit, and those who are disproportionately affected by societal biases. The news of these restrictions created quite a stir among

Podcast E648: Some Worried About a Revived CFPB

Shannon Hicks
Unable to use the embedded player? Listen here. Wallstreet isn’t the only one worried about a revived CFPB “Banks should be prepared for more aggressive enforcement and an expansion of the CFPB’s authority through its rulemakings,” said Rachel Rodman, a former CFPB lawyer who now represents banks as a partner

The 2019 HECM FHA Report to Congress

Shannon Hicks
 What you need to know about FHA’s Report to Congress on the Home Equity Conversion Mortgage [Download transcript] Each year reverse mortgage lenders, originators and other mortgage market participants eagerly await the release of the Federal Housing Administration’s report to Congress on the financial status of the Mutual Mortgage

Pending HECM Changes: The Industry Waits

Shannon Hicks
 Proposed changes linger after Congressional hearing As one commenter on HECMWorld put it ‘The HECM program got through the hearing all but unscathed’. Very true considering our long history of continued reductions in Principal Limit Factors and restrictions on how proceeds are distributed. That being said, we have several

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