property taxes

New York Times: Expose Examined

Shannon HicksOctober 22, 2012October 22, 2012

by Shannon HicksOctober 22, 2012October 22, 201214 303

Ironic. That is on the eve of the National Reverse Mortgage Lender’s Association Annual Meeting in San Antonio the New York Times published a front page expose. After a year and a half of mostly positive press since the introduction of the HECM Saver has the media pendulum swung back

The life of a reverse after closing

Shannon HicksOctober 22, 2012September 10, 2013

by Shannon HicksOctober 22, 2012September 10, 20132 354

Often out of sight and mind after a reverse mortgage closes, servicing is the backbone of the ongoing relationship with the borrower. From monthly draws, tenure payments and loan questions reverse mortgage servicers are on the front lines of long-term customer support and care. The average loan officer is with

Moral Hazard?

Shannon HicksJuly 16, 2012September 10, 2013

by Shannon HicksJuly 16, 2012September 10, 20132 220

Moral Hazard? One definition is the lack of incentive to guard against risk because one is protected from the consequences while the risk rests on another party. Is that what we have with reverse mortgage borrowers who have defaulted? Non-payment of taxes and insurance has been an issue. A look

Celink & Reverse Mortgages – Curing T&I Defaults: A servicers perspective

Shannon HicksNovember 28, 2011September 10, 2013

by Shannon HicksNovember 28, 2011September 10, 20133 423

[vimeo id=”32590209″ width=”601″ height=”338″] Learn what Celink is doing to help borrowers prevent and cure tax and insurance defaults for reverse mortgage borrowers. A Behind The Scenes Look At Curing Tax & Insurance DefaultsOur exclusive interview with Celink’s John LaRose at last month’s NRMLA meeting uncovers some of the steps

Financial Underwrite A Go: Industry Leader Update

Shannon HicksOctober 7, 2011September 10, 2013

by Shannon HicksOctober 7, 2011September 10, 20137 493

[vimeo id=”30161174″ width=”601″ height=”338″] HUD has made it official, reverse mortgage lenders have the authority to help prevent tax and insurance defaults when it comes to financial underwriting and potential reverse mortgage borrowers assessments.

101 year old evicted in Reverse Mortgage T&I Default: Industry Leader Update

Shannon HicksSeptember 19, 2011September 10, 2013

by Shannon HicksSeptember 19, 2011September 10, 201310 477

[vimeo id=”29168490″ width=”601″ height=”338″] The behind the scenes of the eviction of a 101 year old Detroit woman due to tax & insurance default on reverse mortgage Video grabs from WXYZ television in Detroit. Original Story of eviction here. Updated story of eviction here.

A Radically Different Approach

Homeowners Marooned

Will this Save the Reverse Mortgage Industry?

Should we tear down the wall?

property taxes

New York Times: Expose Examined

The life of a reverse after closing

Moral Hazard?

Celink & Reverse Mortgages – Curing T&I Defaults: A servicers perspective

Financial Underwrite A Go: Industry Leader Update

101 year old evicted in Reverse Mortgage T&I Default: Industry Leader Update

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