Industry Leader Update

A Bright Future

Shannon HicksJanuary 27, 2014January 24, 2014

by Shannon HicksJanuary 27, 2014January 24, 20142 1558

[vimeo id=”84978390″ width=”625″ height=”352″] Professor Sees Reverse Mortgages as a Cornerstone for Retirement Planning It’s no small endorsement. Well known Columbia Business school professor Christopher Mayer not only sees a bright future for reverse mortgages but he’s going into business himself. Mayer is tapering his teaching responsibilities at Columbia to

Against The Wind

Shannon HicksDecember 9, 2013December 12, 2013

by Shannon HicksDecember 9, 2013December 12, 201310 1726

[vimeo id=”81221046″ width=”625″ height=”352″] 2014 Presents Challenge & Opportunity for HECM Industry The classic Bob Seger song laments, “Against the wind. I’m older now but still running against the wind.” Both retirees and our industry are pressing against the resistance of retirement funding and a more restrictive product for us

Now What?!

Shannon HicksSeptember 13, 2013October 21, 2013

by Shannon HicksSeptember 13, 2013October 21, 201311180

Now that the old HECM is effectively gone what can we do to protect and grow our business? Here are nine valuable strategies you can begin working today!

October Surprise?

Shannon HicksAugust 5, 2013October 23, 2013

by Shannon HicksAugust 5, 2013October 23, 20136 1413

[ad#Network Funding] Reverse Mortgage Reform Bill Passes, Awaits President’s Signature [vimeo id=”71539509″ width=”625″ height=”352″] August or October Surprise? FHA may be able to use a scalpel rather than an axe when it comes to making reforms to the federally insured reverse mortgage or Home Equity Conversion Mortgage program. Late last

Scalpel or an Axe? HECM Reforms.

Shannon HicksJuly 29, 2013November 13, 2013

by Shannon HicksJuly 29, 2013November 13, 20136 1439

[ad#Network Funding] Without Congressional Authority FHA is Faced with Hard Choices [vimeo id=”71124155″ width=”625″ height=”352″] HUD would prefer to take the surgeon’s approach making fine tuned adjustments to the federally-insured reverse mortgage or HECM program. Presently it is left with the axe of harsh change unless Congress acts to give

Soon Harder to Get…

Shannon HicksJuly 22, 2013November 13, 2013

by Shannon HicksJuly 22, 2013November 13, 201311280

For future reverse mortgage borrowers qualifying may become problematic. In a recent article in the New York Times “Rules for Reverse Mortgage Borrowers May Become More Restrictive” Christopher Mayer describes the likely approach...

Is this a Silver Lining?

Shannon HicksJune 3, 2013November 15, 2013

by Shannon HicksJune 3, 2013November 15, 201311058

[ad#Network Funding] Borrowers overwhelmingly choosing Standard Adjustable. Why? [vimeo id=”67430808″ width=”625″ height=”352″] HUD says the reverse mortgage program is generating positive cash flow. That’s good for the short term but does not erase the future liabilities to the mutual mortgage insurance fund for previous years books of HECM business which

Surprise: What Loan are Borrowers Choosing?

Shannon HicksMay 27, 2013November 20, 2013

by Shannon HicksMay 27, 2013November 20, 20139 1807

FHA eliminated the Standard Fixed Rate HECM. So what loan are borrowers overwhelmingly choosing? A look at borrower behavior and motivations.

2024 HECM Limit Increased: Here’s why

Two reasons for the Fed cut rates in…

HECM Counseling Demystified

FHA’s proposed HECM policy changes: What you need…

Industry Leader Update

A Bright Future

Against The Wind

Now What?!

October Surprise?

Scalpel or an Axe? HECM Reforms.

Soon Harder to Get…

Is this a Silver Lining?

Surprise: What Loan are Borrowers Choosing?

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