industry change

The Problem with Drift Net Marketing

Shannon HicksAugust 31, 2020July 19, 2021

by Shannon HicksAugust 31, 2020July 19, 20213 1812

How today’s top-producers are succeeding Last fishing season I sat down with my friend Mike and caught up on his recent fly fishing exploits in Shasta Lake, California. As an experienced fisherman, he related to me how he adjusted his typical techniques due to the rapidly-rising waters in the reservoir

Do HECM Reforms Fix Past Losses?

Shannon HicksSeptember 25, 2017September 29, 2017

by Shannon HicksSeptember 25, 2017September 29, 201711136

Can recent HECM reforms ever repay the losses of the past? An honest examination of the reverse mortgage would recognize that many loans originated prior to 2013, could easily become a future liability. Case and point the now defunct ‘Standard Fixed Rate HECM’. Introduced in the midst of an overheating

Executive Orders: The Impact on Our Industry

Shannon HicksFebruary 6, 2017February 3, 2017

by Shannon HicksFebruary 6, 2017February 3, 20175 1274

A Pause for HECM Changes? Executive orders. This practice of exercising executive authority has become increasingly frequent and controversial in recent presidential administrations. In 2013 HUD was granted the authority to in effect, issue ‘executive orders’ under FHA’s expanded powers. President Trump has promised to cut federal regulations dramatically. Will

NEW HECM Rules Announced

Shannon HicksJanuary 23, 2017January 20, 2017

by Shannon HicksJanuary 23, 2017January 20, 20173 1462

HUD Announced New Finalized HECM Rules for 2017 HUD announced their finalized rules enacting several policy changes to the Home Equity Conversion Mortgage (HECM) program which will go into effect later this year. What do these changes hold in store for interest rate caps, disclosure requirements, and new loan assignment

The Trump Effect: A New Era for the HECM?

Shannon HicksDecember 12, 2016January 30, 2017

by Shannon HicksDecember 12, 2016January 30, 20174 1113

A new presidential administration, a new secretary for HUD, the likelihood of rising interest rates, and a potential curbing of the CFPB’s powers. Who ever said the new year would be boring?

Where Have the Jumbos Gone?

Shannon HicksJuly 13, 2015October 16, 2015

by Shannon HicksJuly 13, 2015October 16, 20159 1020

[vimeo id=”133094302″ width=”625″ height=”352″] Where Are the Jumbo Reverse Mortgages The time is ripe for jumbo reverse mortgages but where are they? The Home Equity Conversion Mortgage market has weathered the storms of the housing crash and numerous product changes yet the emergence of a strong jumbo loan market has

Swords into Plowshares

Shannon HicksMarch 31, 2015March 30, 2015

by Shannon HicksMarch 31, 2015March 30, 20151812

The phrase beating swords into plowshares can be found in a biblical passage referencing the transition from war to peace. It is a fitting admonition for the reverse mortgage industry as we prepare for what we hope will be the finishing touches on the restructuring of the Home Equity Conversion

The HECM Terminator?

Shannon HicksMarch 27, 2015April 2, 2015

by Shannon HicksMarch 27, 2015April 2, 20156 1004

[vimeo id=”123361283″ width=”625″ height=”352″] Has the Terminator traveled to 2015? In the 1984 syfi classic Arnold Schwarzenegger plays the role of a cyborg who travels from the year 2029 to 1984 hell-bent on the destruction of his present day nemesis. Not unlike the movie many fear that a new threat

Why you should revisit your 2019-20 prospects

Inflation’s Pain & Potential

The Three Cs of Retirment Planning

Helping the Overlooked Majority

industry change

The Problem with Drift Net Marketing

Do HECM Reforms Fix Past Losses?

Executive Orders: The Impact on Our Industry

NEW HECM Rules Announced

The Trump Effect: A New Era for the HECM?

Where Have the Jumbos Gone?

Swords into Plowshares

The HECM Terminator?

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