Reverse Mortgages

HECM: A Mortgage or Social Program?

Shannon HicksAugust 4, 2014August 11, 2014

by Shannon HicksAugust 4, 2014August 11, 201412 2172

Is the federally-insured reverse mortgage a social program or a mortgage loan? The question should be addressed as it goes to the heart of recent program changes, restrictions and requirements. While few argue the HECM program is a social program many often lament that the loan no longer serves the

The Three Horsemen of the Retirement Apocalypse

Shannon HicksOctober 14, 2013October 18, 2013

by Shannon HicksOctober 14, 2013October 18, 20136 1395

The Three Horsemen of the Retirement Apocalypse. It’s no secret. The retirement system in America is broken.

When Men Find Themselves Suddenly Solo

Amara RoseJuly 16, 2013November 13, 2013

by Amara RoseJuly 16, 2013November 13, 20132 1279

How do mean navigate later life alone due to divorce or, more likely, the death of a spouse. What makes the information most compelling is the voice of Suddenly Solo...

A Square Peg in a Round Hole?

Shannon HicksJuly 12, 2013November 13, 2013

by Shannon HicksJuly 12, 2013November 13, 20133 1556

In my younger (pre-reverse mortgage years) I had the opportunity to meet several salespeople. All ages, skillsets and personalities. I learned something. Far more important than personality, closing skills or charm successful salespeople had this... a niche skill and they didn’t stray from it

AARP’s Six Fixes for Reverse Mortgage Program

Shannon HicksJuly 1, 2013November 14, 2013

by Shannon HicksJuly 1, 2013November 14, 20138 2324

The powerful lobying group AARP with it’s 38 million plus members has incredible clout in Washington DC. In a recent Senate hearing before lawmakers they suggested six changes to the federally insured reverse mortgage program.

Is this a Silver Lining?

Shannon HicksJune 3, 2013November 15, 2013

by Shannon HicksJune 3, 2013November 15, 201311058

[ad#Network Funding] Borrowers overwhelmingly choosing Standard Adjustable. Why? [vimeo id=”67430808″ width=”625″ height=”352″] HUD says the reverse mortgage program is generating positive cash flow. That’s good for the short term but does not erase the future liabilities to the mutual mortgage insurance fund for previous years books of HECM business which

When Age is an Advantage

Amara RoseApril 2, 2013November 29, 2013

by Amara RoseApril 2, 2013November 29, 201311 1969

Dylan sang, "The times they are a-changin'," and the septuagenarian's lyrics presaged today's workforce. Gone is the gold watch and golden years playing golf or relaxing on the front porch.

Phoenix Rising?

Shannon HicksJune 8, 2012September 10, 2013

by Shannon HicksJune 8, 2012September 10, 20134 1281

There has been much discussion as to why reverse mortgage volumes are at historic lows.Will reverse mortgage volume slowly rise again like the mythical Phoenix from its ashes? A look at current home price trends and our future.

2024 HECM Limit Increased: Here’s why

Two reasons for the Fed cut rates in…

HECM Counseling Demystified

FHA’s proposed HECM policy changes: What you need…

Reverse Mortgages

The Three Horsemen of the Retirement Apocalypse

When Men Find Themselves Suddenly Solo

A Square Peg in a Round Hole?

AARP’s Six Fixes for Reverse Mortgage Program

Is this a Silver Lining?

When Age is an Advantage

Phoenix Rising?

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