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HECM Changes: 5 Things to Expect

HECM Changes: 5 Things to Expect

Shannon Hicks October 6, 2017 4

While the mortgagee letter was brief the potential impacts are considerable. Here are some impacts to anticipate and plan for in the wake of the most recent overhaul of the federally-insured reverse mortgage

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September Top 100 HECM Lenders Report

September Top 100 HECM Lenders Report

Shannon Hicks October 2, 2017 3

Download your September 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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HECM Changes & The Ensuing Crash

HECM Changes & The Ensuing Crash

Shannon Hicks October 2, 2017 9

HECM Changes & the Ensuing Crash in Volume Since it’s introduction in the late 1980’s the Home Equity Conversion mortgage was a collateral-based product. In recent years the reverse mortgage or HECM has shifted

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Do HECM Reforms Fix Past Losses?

Do HECM Reforms Fix Past Losses?

Shannon Hicks September 25, 2017 1

Can recent HECM reforms ever repay the losses of the past? An honest examination of the reverse mortgage would recognize that many loans originated prior to 2013, could easily become a future liability. Case

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What if this was your last week…

What if this was your last week…

Shannon Hicks September 22, 2017 2

What if someone told you that this was your last week? What would you do? Where would you focus your thoughts

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NEW HECM Final Rules Begin Sept 19th

NEW HECM Final Rules Begin Sept 19th

Shannon Hicks September 18, 2017 3

HECM Final Rule Changes Begin Tommorw- Part 2: Interview with RMI’s John Lunde HUD’s HECM Final Rules go into effect tomorrow (9/19/2017) and include in part: For fixed rate HECMs, only a full-funded LESA

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Take the HECM Changes Survey Today

Take the HECM Changes Survey Today

Shannon Hicks September 13, 2017 0

Create your survey with SurveyMonkey

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HECM Changes: Followup Q&A with Survey Results

HECM Changes: Followup Q&A with Survey Results

Shannon Hicks September 12, 2017 4

Follow up on two biggest questions on HUD’s changes to HECM We had over 700 participants in last week’s webinar discussing HUD’s dramatic changes to the HECM program. Two of the most popular questions

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