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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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November Top 100 HECM Lenders Report

November Top 100 HECM Lenders Report

Shannon Hicks December 1, 2017 0

Download your November 2017 Top 100 Retail HECM Lenders Report Here. This Report Does Not Include Broker or TPO Data This report was compiled from data courtesy of Reverse Market Insight

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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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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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