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negative media

Equity Erased- It’s not what you think

Shannon Hicks
by Shannon Hicks0971
 Without audience targeting are Google Ads Dead? Think again… Early this month Google announced new restrictions for targeting specific audiences. The restrictions apply to content related to housing, employment, credit, and those who are disproportionately affected by societal biases. The news of these restrictions created quite a stir among
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Strong Words: Comments on Reverse Mortgages Spur Controversy

Shannon Hicks
by Shannon Hicks10 3152
 This week: Former FHA Commissioner takes aim at reverse mortgages and a clear and present danger to the HECM Former FHA Commissioner David Stevens wasn’t merely providing some suggestions on how to improve the Home Equity Conversion Mortgage. He also took aim squarely at the industry, its alleged practices, and
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A Surprise HECM Foreclosure?

Shannon Hicks
by Shannon Hicks7 1708
Possible Remedies to Prevent HECM Defaults The reverse mortgage industry could lament it’s treatment in the media, in the words of Rodney Dangerfield, “that’s the story of my life…no respect”. NBC4’s consumer reporter dramatically recounts the tale of a HECM borrower who narrowly avoided foreclosure. The borrower’s power of attorney
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Fake Reverse Mortgage ‘News’

Shannon Hicks
by Shannon Hicks2 1239
Real estate columnist highlights the need to watch for ‘fake news’ Any mortgage or financial product requires good faith on the part of the company and its representative when working with a potential client. Full disclosure and honesty are non-negotiable when working with homeowners. In addition, every reverse mortgage professional
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Not Surprised

Shannon Hicks
by Shannon Hicks7 1845
The media is inaccurate, misleading and selective in reporting the facts? What’s new. The Consumer Financial Protection Bureau’s recent release of it’s report on reverse mortgage complaints was seized upon by both the media and so-called consumer advocate groups. Surprised? No. Damaging? Possibly.
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A Case for the Financial Assessment?

Shannon Hicks
by Shannon Hicks12 2790
The chief concern amongst many is the new financial guidelines will further shrink the pool of eligible borrowers at a time when reverse mortgage production is low. However there is another facet of the financial assessment that can be easily overlooked; reducing headline risk.
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