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Market Disruption Brings Opportunity

Market Disruption Brings Opportunity

Shannon Hicks September 1, 2017 0

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BREAKING: HUD Cuts PLF Factors, % Rate Floor & Increases Upfront FHA Insurance Premiums

BREAKING: HUD Cuts PLF Factors, % Rate Floor & Increases Upfront FHA Insurance Premiums

Shannon Hicks August 30, 2017 12

Without any prior warning or industry comment, HUD formally announced an increase of upfront insurance premiums for all borrowers, regardless of initial distributions, to 2% upfront, and .5% for ongoing mortgage insurance premiums. The

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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?

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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

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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

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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,

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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

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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

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