Industry Outlook

Truth in Numbers

Shannon HicksApril 22, 2019April 19, 2019

by Shannon HicksApril 22, 2019April 19, 20193 353

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, 20191708

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, 20194 1048

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 580

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

Government Shutdown, Endorsement Plunge & Outlook

Shannon HicksJanuary 7, 2019January 7, 2019

by Shannon HicksJanuary 7, 2019January 7, 20190751

Thinking Big in a Smaller Market The bickering continues in Washington DC resulting from the budget stalemate and subsequent limited government shutdown. Veteran originators will recall a 16-day shutdown in October 2013. During this time endorsements of all Home Equity Conversion Mortgages cease. All FHA mortgages stand to be impacted

HECM Risks: A Balancing Act

Shannon HicksNovember 26, 2018November 21, 2018

by Shannon HicksNovember 26, 2018November 21, 20186 893

FHA is addressing risks on both sides The federally-insured reverse mortgage or Home Equity Conversion Mortgage while holding tremendous value has been challenged with continued losses paid from the FHA’s insurance fund. In the wake of the housing bubble and economic crisis the program, several changes were enacted. The

Harsh Reality & Hope Can Coexist

Shannon HicksSeptember 4, 2018September 14, 2018

by Shannon HicksSeptember 4, 2018September 14, 20181606

The harsh realities in our industry and hope can both coexist. Here's why...

FHA Commish speaks out on HECM Fix

Aaron PhelpsJuly 15, 2018August 6, 2018

by Aaron PhelpsJuly 15, 2018August 6, 201812 684

FHA Commissioner doing ‘deep dive’ to isolate source of HECM losses The following commentary does not represent the official position of Reverse Focus, Inc. Last October just days after the agency enacted substantial cutbacks to the Home Equity Conversion Mortgage, HUD Secretary Ben Carson spoke before the House of

Truth in Numbers

Old Habits Won’t Open New Doors

Examining the HECM’s Viablity

Trump to HUD: Examine Viability of HECM Program

Industry Outlook

Truth in Numbers

Homeowners Marooned

Will this Save the Reverse Mortgage Industry?

2018: A tumultuous year for the reverse mortgage

Government Shutdown, Endorsement Plunge & Outlook

HECM Risks: A Balancing Act

Harsh Reality & Hope Can Coexist

FHA Commish speaks out on HECM Fix

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