Industry Outlook

The HECM’s outlook to be shaped by 3 factors

Shannon HicksAugust 5, 2019August 7, 2019

by Shannon HicksAugust 5, 2019August 7, 20197 888

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 649

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, 20191922

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 1255

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 730

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, 20190848

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 1083

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, 20181822

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

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 Outlook

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

Government Shutdown, Endorsement Plunge & Outlook

HECM Risks: A Balancing Act

Harsh Reality & Hope Can Coexist

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