Industry Changes

HUD Secretary committed to HECM changes

Shannon HicksSeptember 13, 2019September 13, 2019

by Shannon HicksSeptember 13, 2019September 13, 201901014

Secretary Ben Carson’s prepared remarks for recent Senate hearing confirm HUD’s mission to enact key HECM reforms While politicians squabble over the government’s role in making homeownership a reality, older homeowners who wish to use their home’s value to age in place were left out of the debate in

HECM & Housing Finance Reforms

Shannon HicksSeptember 9, 2019September 11, 2019

by Shannon HicksSeptember 9, 2019September 11, 20192 1001

A summary of recommended HECM changes In a statement issued last week we learned that the Department of Housing and Urban Development (HUD) in cooperation with the Treasury Department presented President Donald Trump with their plans for reforming the Nation’s housing finance system and the Home Equity Conversion Mortgage program.

October changes?

Shannon HicksAugust 19, 2019August 19, 2019

by Shannon HicksAugust 19, 2019August 19, 20190663

Take the survey and make your best guess It’s that time of year when we hold our collective breath in the hopes that HUD will be gentle when it comes to enacting further changes to the Home Equity Conversion Mortgage. There have been reports that the Financial Assessment has reduced

HECM Changes: Two risks remain

Shannon HicksOctober 8, 2018October 5, 2018

by Shannon HicksOctober 8, 2018October 5, 20188 1628

The HECM’s philosophy shapes risk management measures & future reforms Few are asking an underlying question that will shape every effort to curb future losses or HECM claims against the Federal Housing Administration’s Mutual Mortgage Insurance Fund. That question is if the Home Equity Conversion Mortgage is a true

Industry Survey Results & AARP’s Response to HECM Changes

Shannon HicksMarch 9, 2018March 13, 2018

by Shannon HicksMarch 9, 2018March 13, 20181614

To say that HUD’s most recent changes to the Home Equity Conversion Mortgage were met with mixed reviews would be the understatement of the decade.

How HUD can provide HECM program stability

Shannon HicksFebruary 19, 2018February 16, 2018

by Shannon HicksFebruary 19, 2018February 16, 20181459

Stabilizing the HECM program? HUD signaled more potential changes for FY 2019.

Leaders Call for More Stability in Wake of Unpredictable HECM Changes

Shannon HicksNovember 30, 2017November 30, 2017

by Shannon HicksNovember 30, 2017November 30, 20171404

In the wake of being blindsided by the most recent HECM changes, industry leaders are calling for stability...

BREAKING- HECM Report: Losses & Future Impact

Shannon HicksNovember 20, 2017November 14, 2018

by Shannon HicksNovember 20, 2017November 14, 20182 755

New Report Separates & Exposes HECM Liabilities HUD’s most recent actuarial review and net value of the Home Equity Conversion Mortgage sent shockwaves through the reverse mortgage industry last week. **Listen to this week’s podcast for the latest reverse mortgage news stories** The 2017 Fiscal Year actuarial review of the

Why is the HECM a niche product?

Researchers present HECM fixes last week

Reforms may hinge on Actuarial Report

Politics, Gridlock & CFPB Enforcement

Industry Changes

HUD Secretary committed to HECM changes

HECM & Housing Finance Reforms

October changes?

HECM Changes: Two risks remain

Industry Survey Results & AARP’s Response to HECM Changes

How HUD can provide HECM program stability

Leaders Call for More Stability in Wake of Unpredictable HECM Changes

BREAKING- HECM Report: Losses & Future Impact

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