2021: Lessons Learned
Looking back at 2021 we see the continued impact of the global Covid-19 pandemic that not only transformed the way we work but heavily influenced our economy. Here are my takeaways from lessons learned this year.
Industry Changes
Despite Improvements a Call for HECM Structural Changes
While the FY 2019 FHA Report shows significant improvement in the HECM program’s value, FHA calls more ‘structural changes’ [Download transcript] As we gather around the table this Thanksgiving there’s one thing to be grateful for: FHA’s most recent report to Congress showing a showing significant improvement in the
HUD Secretary committed to HECM changes
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
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?
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
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
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
Stabilizing the HECM program? HUD signaled more potential changes for FY 2019.
