News »

A HECM or a Jumbo?

A HECM or a Jumbo?

Shannon Hicks August 21, 2017 0

Equity consumption, home appreciation, and heirs Million dollar homes are more commonplace than many would expect and with more affluent borrowers considering a reverse mortgage, the question arises: does a reverse mortgage make sense?

Read More »
Two Senators concerned about Non-Borrowing Spouse Risks

Two Senators concerned about Non-Borrowing Spouse Risks

Shannon Hicks August 14, 2017 3

Bipartisan letter from senators cites concerns of new language endangering NBS protections Despite the increasingly toxic and adversarial political climate in Washington, D.C., two United States Senators have joined together to push the Department

Read More »
A Rising Tide Lifts All Boats

A Rising Tide Lifts All Boats

Shannon Hicks August 7, 2017 1

An improving economy and housing market have the HECM poised for growth   If you have been originating reverse mortgages for over ten years, congratulations. You survived the Great Recession and housing crash of

Read More »
Do We Have It All Wrong?

Do We Have It All Wrong?

Shannon Hicks July 31, 2017 5

There’s a Silver Lining in HECM Endorsements That is Overlooked The chorus of dismay from reverse mortgage professionals lamenting declining reverse mortgage loan numbers began after the Great Recession and continues through today. Consequently,

Read More »
Carson talks reforms, Scammer sentenced, SEC warns of de-listing

Carson talks reforms, Scammer sentenced, SEC warns of de-listing

Shannon Hicks July 24, 2017 1

Scammer sentenced, Carson talks reverse mortgages, Walter faces possible de-listing from NYSE In this week’s edition: HUD Secretary Ben Carson supports reverse mortgage program while speaking for the need for reform.  The New York

Read More »
The Power of Celebrity

The Power of Celebrity

Shannon Hicks July 10, 2017 1

The New York Times Examines Reverse Mortgage Celebrity Spokespersons There may be a window of opportunity in the wake of President Trump’s call to overhaul regulations for financial institutions and housing agencies. The National

Read More »
Reforms Sought for Non-Borrowing Spouses

Reforms Sought for Non-Borrowing Spouses

Shannon Hicks July 3, 2017 1

NRMLA Submits Requests to Reform NBS Policies There may be a window of opportunity in the wake of President Trump’s call to overhaul regulations for financial institutions and housing agencies. The National Reverse Mortgage

Read More »
Huron Valley Financial Acquires Home Point Financial’s Reverse Mortgage Division

Huron Valley Financial Acquires Home Point Financial’s Reverse Mortgage Division

Shannon Hicks June 29, 2017 0

Significantly expands 1st Nations Reverse Mortgage footprint; Industry leader Joshua Shein joins Company as EVP Ann Arbor, MI, and Owings Mills, MD—June 27, 2017—Huron Valley Financial, Inc. (HVF), a privately held full-service mortgage banking

Read More »