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Meet Peter Bell: Industry Leader Update

Meet Peter Bell: Industry Leader Update

Shannon Hicks October 31, 2011 0

In this week’s episode I interviewed NRMLA President Peter Bell during the annual meeting in Boston. He shares his outlook and vision for our industry and upcoming changes for the reverse mortgage industry

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No longer on the list: Industry Leader Update

No longer on the list: Industry Leader Update

Shannon Hicks October 24, 2011 5

Non-FHA Approved Brokers find themselves out in the cold when it comes to FHA’s list of HECM approved lenders

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Insurance fund for RMs looking healthy: Industry Leader Update

Insurance fund for RMs looking healthy: Industry Leader Update

Shannon Hicks October 17, 2011 6

HUD Secretary says fund backing reverse mortgages looks good… The lackluster condition of of the Mutual Mortgage Insurance fund in fiscal year 2010 lead to some sweeping changes which included a reduction of principal

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Financial Underwrite A Go: Industry Leader Update

Financial Underwrite A Go: Industry Leader Update

Shannon Hicks October 7, 2011 7

HUD has made it official, reverse mortgage lenders have the authority to help prevent tax and insurance defaults when it comes to financial underwriting and potential reverse mortgage borrowers assessments

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Road block: Lack of funds for HUD Counseling: Industry Leader Update

Road block: Lack of funds for HUD Counseling: Industry Leader Update

Shannon Hicks October 3, 2011 5

Lack of funding for HUD counseling creating a road block for those who need it the most As we enjoyed our weekend October 1st came and went marking the beginning of the fiscal year

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$30 Billion savings for Medicaid if RM used. Industry Leader Update

$30 Billion savings for Medicaid if RM used. Industry Leader Update

Shannon Hicks September 26, 2011 4

$30 Billion Savings Per Year if Medicaid Eligibility Rules Changed One expert points out that home equity should be required to be utilized before certain individuals can qualify for Medicaid. Learn how the system

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101 year old evicted in Reverse Mortgage T&I Default: Industry Leader Update

101 year old evicted in Reverse Mortgage T&I Default: Industry Leader Update

Shannon Hicks September 19, 2011 10

The behind the scenes of the eviction of a 101 year old Detroit woman due to tax & insurance default on reverse mortgage Video grabs from WXYZ television in Detroit. Original Story of eviction here.

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Not saying anything is often times doing harm to clients

Not saying anything is often times doing harm to clients

Shannon Hicks September 12, 2011 2

Does the doctor really know what’s best? What if you went to the doctor and they didn’t know about a life-saving treatment that had been used for 20 plus years and you left becoming

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