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Using a HECM Instead of Long-Term Care Insurance

Using a HECM Instead of Long-Term Care Insurance

Shannon Hicks June 19, 2017 1

One Financial Planner Suggests Two LTC Insurance Alternatives If you were to eavesdrop on a typical meeting with someone in their 50’s with their financial advisor, chances are you would here the sensible advice

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Retirees Conflicted on Home Equity

Retirees Conflicted on Home Equity

Shannon Hicks June 12, 2017 0

Despite challenges many reluctant to tap equity in retirement   Older American homeowners find themselves beset by a variety of retirement landmines- exploding medical costs, uncertain markets and income security. Despite these challenges, retirees

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Misspent Money, Scams, Personal Stories & More

Misspent Money, Scams, Personal Stories & More

Shannon Hicks June 5, 2017 1

The roundup of weekly HECM news   What do strippers, casinos, and groceries have in common? It’s bad enough to be forced to foot the bill of your own company’s audit and financial monitoring.

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Financial Assessment Accepted by Industry

Financial Assessment Accepted by Industry

Shannon Hicks May 22, 2017 2

The origins of the now-accepted HECM Financial Assessment Despite it’s initial chilly industry reception the HECM Financial Assessment has been accepted- so said HUD’s Phil Caulfield. During his remarks at the NRMLA western regional

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When No Advice is Worse Than Bad Advice

When No Advice is Worse Than Bad Advice

Shannon Hicks May 8, 2017 1

Professionals not providing all options can have devastating consequences “Failing to provide a client with viable options can be just as damaging, if not worse than providing poor advice” Such is the case in

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Reverse Mortgage News Roundup

Reverse Mortgage News Roundup

Shannon Hicks May 1, 2017 3

This Week’s Top Reverse Mortgage Stories 1- CFPB Complaints on the Rise- The CFPB has been busy collecting consumer complaints. The Consumer Financial Protection Bureau reports an increase of 172% increase in reverse mortgage-related complaints

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Some See the HECM Financial Assessment As A Benefit

Some See the HECM Financial Assessment As A Benefit

Shannon Hicks April 24, 2017 5

Two Years Later the Financial Assessment Receives Mixed Reviews The implementation of the HECM Financial Assessment was met with mixed reviews when it was launched in April 2015. While many industry professionals have remained

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HECM Changes Coming This Fall

HECM Changes Coming This Fall

Shannon Hicks April 10, 2017 1

Despite executive order, more HECM Changes coming this fall One would think our industry may catch it’s collective breath from the rapid nonstop pace of new rules and regulations for the Home Equity Conversion

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