HUD

“Necessary evil”

Shannon HicksJanuary 8, 2011September 10, 2013

by Shannon HicksJanuary 8, 2011September 10, 20138 1418

[vimeo id=”18547777″ width=”601″ height=”338″] Tax And Insurance Default The topic of Tax And Insurance Default is a hotly debated issue in the Reverse Mortgage Industry, but recently HUD issued a guidance letter that gives some direction to reverse mortgage lenders.

New Video: Industry Update #3

Shannon HicksSeptember 24, 2010September 10, 2013

by Shannon HicksSeptember 24, 2010September 10, 20130665

Weekly video recap updating professionals on industry changes in the reverse mortgage marketplace. Return here each Friday for new videos. [vimeo id=”15309785″ width=”601″ height=”338″] HUD Letter New Change In The FloorThis week was a game changer in the reverse mortgage industry when HUD announced a new change in the floor.

Can HECM Regulators Act Unethically Toward the Reverse Mortgage Program?

Shannon HicksAugust 5, 2010June 18, 2012

by Shannon HicksAugust 5, 2010June 18, 20123 574

Tell the woman who can no longer obtain a reverse mortgage because the program benefit cuts prevent her from getting rid of her conventional mortgage (she never could afford)-that Washington supports the program; Tell the man who desperately needs the reverse mortgage and yet was turned down because underwriting guidelines

HUD’s new Financial Interview Tool: Will it prevent borrower problems?

Shannon HicksJuly 23, 2010June 18, 2012

by Shannon HicksJuly 23, 2010June 18, 20129 1540

Commentary: I read with great interest and anticipation just what our prospective reverse mortgage borrowers would face with HUD’s new counseling protocol which includes a Financial Interview Tool [Update: Shortly after writing this commentary the NCOA FIT & Benefits Checkup are no longer available without a secure login] . Reverse Mortgage Daily

Studies Detail HUD’s Risk for HECM Loans

Shannon HicksAugust 20, 2009June 12, 2012

by Shannon HicksAugust 20, 2009June 12, 20122 1093

Home Values, Loan Amounts, and Seniors Home values, loan amounts, and the way seniors use home equity conversion mortgages impact the Federal Housing Administration’s potential liability for its reverse mortgage program, recent studies show. If the Department of Housing and Urban Development had used the same home appreciation models for

The HVCC Changes YOUR business…

Shannon HicksJanuary 7, 2009August 16, 2011

by Shannon HicksJanuary 7, 2009August 16, 201101044

Washington, DC – Federal Housing Finance Agency (FHFA) Director James B. Lockhart announced that Fannie Mae and Freddie Mac will implement a revised Home Valuation Code of Conduct (Code) effective May 1, 2009. The Code is based on an agreement between the Enterprises, the New York State Attorney General Andrew

Is Inflation Around the Corner?

Housing Values, Inflation & the U.S. Economic Forecast

The Fallacy of ‘Debt Elimination’

4-in-10 Believe Housing Values will Crash in 2021

“Necessary evil”

New Video: Industry Update #3

Can HECM Regulators Act Unethically Toward the Reverse Mortgage Program?

HUD’s new Financial Interview Tool: Will it prevent borrower problems?

Studies Detail HUD’s Risk for HECM Loans

The HVCC Changes YOUR business…

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