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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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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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Just How Far?

Just How Far?

Shannon Hicks May 23, 2014 4

Having conducted over one hundred training sessions with fellow reverse mortgage professionals a common question is raised. Just how far should I go in following up with a potential borrower? Unfortunately many stop after

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What Are You Really Afraid Of?

What Are You Really Afraid Of?

Amara Rose May 20, 2014 11

Fear of aging is no different, in essence, from any other fear. Yes, growing older involves loss, as does every life stage. If we're growing — not just physically, but mentally, emotionally and spiritually

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The New Face of Reverse Mortgages

The New Face of Reverse Mortgages

Shannon Hicks May 19, 2014 2

Many of our viewers know that often our industry’s image has often been shaped in part by negative media stories and misinformed columnists and consumer groups. In essence we have found ourselves on

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What Do You Believe?

What Do You Believe?

Shannon Hicks May 16, 2014 7

Our internal beliefs can go largely unnoticed except when evidenced by our actions or outcomes. Even more so our beliefs determine our level of happiness, something we all want more of in our lives.

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The Rule of 95

The Rule of 95

Shannon Hicks May 5, 2014 15

Senators Barbara Boxer & Charles Schumer implored the agency to take measures to ensure heirs of a deceased borrower are not forced out of their homes illegally.

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The Art of Saying “No”

The Art of Saying “No”

Shannon Hicks May 2, 2014 0

We were often taught by school, society and others that saying ‘no’ is rude, impolite or obstinate. But is it? The art of knowing when to say no is key to establishing personal and

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