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GAO Outlines Reasons Not to Move the HECM from the MMI Fund

GAO Outlines Reasons Not to Move the HECM from the MMI Fund

Shannon Hicks December 15, 2017 0

Government Accountability Office outlines reasons to keep the HECM in FHA MMI Fund On its face, the calls the separate the highly-volatile Home Equity Conversion (HECM) from the FHA’s MMI (Mutual Mortgage Insurance Fund)

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BREAKING: New Lending Limit Jan 1st

BREAKING: New Lending Limit Jan 1st

Shannon Hicks December 11, 2017 0

$679,650 Lending Limit for HECMs after 1-1-2018 While only a small percentage of potential borrowers with high-value property values would qualify, there are a few important caveats you should keep in mind. One note,

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More Questions Than Answers

More Questions Than Answers

Shannon Hicks December 8, 2017 7

Before any further changes or cutbacks are enacted, the source of ongoing HECM losses must be identified

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Leaders Call for More Stability in Wake of Unpredictable HECM Changes

Leaders Call for More Stability in Wake of Unpredictable HECM Changes

Shannon Hicks November 30, 2017 1

In the wake of being blindsided by the most recent HECM changes, industry leaders are calling for stability

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Exclusive Interview

Exclusive Interview

Shannon Hicks November 30, 2017 0

An exclusive interview with Open Mortgage CEO Scott Gordon The J Curve Where do we go from here? Investor perspective *there is no transcript for today’s episode

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Diversification: HECM Lenders Expand Their Offerings

Diversification: HECM Lenders Expand Their Offerings

Shannon Hicks November 26, 2017 5

With the HECM becoming increasingly unpredictable, many reverse-only lenders are expanding to offer traditional mortgages

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BREAKING- HECM Report: Losses & Future Impact

BREAKING- HECM Report: Losses & Future Impact

Shannon Hicks November 20, 2017 2

New Report Separates & Exposes HECM Liabilities HUD’s most recent actuarial review and net value of the Home Equity Conversion Mortgage sent shockwaves through the reverse mortgage industry last week. **Listen to this week’s

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HECM Challenges: Less Money-Higher Costs?

HECM Challenges: Less Money-Higher Costs?

Shannon Hicks November 10, 2017 1

The good & the bad from recent HECM changes Sudden industry product changes are always coupled with challenges. Reverse mortgage professionals are seeing first-hand the impacts that HUD’s October surprise will have on borrowers

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