Industry Outlook

The Big Bump?

Shannon HicksJanuary 6, 2020January 6, 2020

by Shannon HicksJanuary 6, 2020January 6, 20201458

What’s a realistic outlook for 2020? The past may tell. If there’s one word that characterizes the HECM industry and its originators it would be resilient. Despite the housing crash of 2009, the massive overhaul with product cutbacks in 2013, and the momentous changes in October 2017, reverse mortgage originators

You would have never guessed

Shannon HicksOctober 21, 2019October 21, 2019

by Shannon HicksOctober 21, 2019October 21, 20190489

Rewind back ten or fifteen years ago and you would have never imagined that the reverse mortgage would look as it does today. No other mortgage loan has seen such a dramatic transformation of its core components than the Home Equity Conversion Mortgage. If the constant evolution of the HECM

HECM October Changes- Survey Says

Shannon HicksAugust 26, 2019August 26, 2019

by Shannon HicksAugust 26, 2019August 26, 20191702

Survey shows what HECM pros expect from HUD As the final days of summer pass the collective tension of reverse mortgage professionals increases in anticipation of what changes HUD will make to the federally-insured reverse mortgage program. As August or September bring us the changes for the following fiscal

The HECM’s outlook to be shaped by 3 factors

Shannon HicksAugust 5, 2019August 7, 2019

by Shannon HicksAugust 5, 2019August 7, 20197 1208

Three factors that will shape the HECM in 2020 What is presently shaping reverse mortgage production today, and what will influence our future? First is the ‘feeder’ of all reverse mortgage endorsements. Before any federally-insured reverse mortgage is underwritten, has funds disbursed or is ultimately insured or ‘endorsed’ it begins

Truth in Numbers

Shannon HicksApril 22, 2019April 19, 2019

by Shannon HicksApril 22, 2019April 19, 20193 815

An honest assessment of HECM loan volumes & consumer demand [Download transcript] Just where does the reverse mortgage industry stand today? Are we on the road to explosive growth, a mild recovery, or are lower loan volumes for the remainder of the year? Somewhere between extreme exuberance and pessimism

Homeowners Marooned

Shannon HicksMarch 11, 2019March 8, 2019

by Shannon HicksMarch 11, 2019March 8, 201911065

Australia’s cautionary tale for America [Download transcript] It’s said that nature abhors a vacuum. In the case of Australia, the question is who will fill it? Like an episode of Lost, senior homeowners in Australia now find themselves marooned being unable to tap their equity with no monthly payments.

Will this Save the Reverse Mortgage Industry?

Shannon HicksMarch 4, 2019March 1, 2019

by Shannon HicksMarch 4, 2019March 1, 20195 1419

More looking outside the HECM as a single solution What will save the reverse mortgage industry or at least put us back on a trajectory of sustained growth? One industry leader sees a path for recovery- one that broadens our vision and approach. Finance of America Reverse’s President Kristen

2018: A tumultuous year for the reverse mortgage

Shannon HicksJanuary 8, 2019March 21, 2019

by Shannon HicksJanuary 8, 2019March 21, 20194 903

As we closed out a tumultuous 2018 reverse mortgage professionals were not anticipating a blockbuster month for HECM endorsements. However, many were taken aback when December endorsements came in at a meager 1,751 units. Even factoring in the government shutdown which halted endorsements on December 21st, estimates would have only

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Your Survey Results: HECM Confusion

What’s stopping HECM loan growth?

Your 2020 HECM Market Forecast

Industry Outlook

The Big Bump?

You would have never guessed

HECM October Changes- Survey Says

The HECM’s outlook to be shaped by 3 factors

Truth in Numbers

Homeowners Marooned

Will this Save the Reverse Mortgage Industry?

2018: A tumultuous year for the reverse mortgage

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