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FHA’s MMI Fund Report Explained

Shannon Hicks
[Download full report] [View 1-minute video summary] [Full Actuarial Review]  A look behind the numbers and factors that shaped the FHA MMI Fund Report to Congress A recap of FHA’s and HUD’s media conference call, an examination of HECM risks, and how the value of the fund is calculated.

The HECM May Have to Move Out of FHA’s MMI Fund

Shannon Hicks
Will the HECM move back to the General Insurance Fund? While the overall FHA MMI (Mutual Mortgage Insurance) Fund is showing positive signs of recovery, the HECM portion of the fund has been much more volitaile than the traditional mortgage segment. With the latest actuarial report showing a negative  economic

Too Much Too Soon?

Shannon Hicks
[vimeo id=”85572235″ width=”625″ height=”352″] Reexamining Product Design and Use of Proceeds The recent overhaul of the HECM program was a watershed event for both the reverse mortgage industry and senior homeowners. The elimination of the Standard Fixed Rate, consolidation to one product, two-tiered upfront FHA premiums and first year distribution

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