Industry Changes

October changes?

Shannon HicksAugust 19, 2019August 19, 2019

by Shannon HicksAugust 19, 2019August 19, 20190373

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 1529

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, 20181524

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, 20181408

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, 20171340

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 689

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

HECM Challenges: Less Money-Higher Costs?

Shannon HicksNovember 10, 2017November 10, 2017

by Shannon HicksNovember 10, 2017November 10, 20171351

The good & the bad from recent HECM changes Sudden industry product changes are always coupled with challenges. Reverse mortgage professionals are seeing first-hand the impacts that HUD’s October surprise will have on borrowers seeking to refinance and payoff their mortgage and those seeking to purchase a home with a

HECM Changes & Impacts on Line of Credit Growth

Shannon HicksOctober 27, 2017November 3, 2017

by Shannon HicksOctober 27, 2017November 3, 20172 661

HECM ‘line of credit’ growth still beneficial but more realistic Recent changes to the Home Equity Conversion Mortgage enacted on October 2nd have reduced the ongoing FHA insurance premium substantially and led to many lenders reducing their loan margins to soften the blow of reducing lending ratios or PLF factors.

Lower interest rates have erased most of 2017…

HECMs vs. Equity-Sharing

The HECM’s outlook to be shaped by 3…

Mitigating Bad Press & Borrower Misfortune

Industry Changes

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

HECM Challenges: Less Money-Higher Costs?

HECM Changes & Impacts on Line of Credit Growth

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