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A Change of Heart in Reverse

A Change of Heart in Reverse

Shannon Hicks July 18, 2016 1

What changed the mind of one Chicago Tribune Columnist? It is admirable to have strongly-held beliefs. It is even more laudable when one changes their position based on new facts and insight. That’s exactly

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HECMs: A Gotcha Market?

HECMs: A Gotcha Market?

Shannon Hicks July 11, 2016 1

Why the HECM may be a ‘gotcha’ market for consumers Last week we addressed the divergent relationship between the increasing need of retiring homeowners and the continued decline in reverse mortgage volume. Beyond the

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More or Less? That is the Question

More or Less? That is the Question

Shannon Hicks July 5, 2016 2

A Dispassionate Examination of the HECM We’ve all heard the predictions. The industry will bounce back to 100,000 endorsements per year, the baby boomer wave will spur industry growth, etc. A recent article on

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Now is the Time to Speak Out

Now is the Time to Speak Out

Shannon Hicks June 27, 2016 3

HUD Needs Feedback from Industry Professionals Like You If you feel overwhelmed with the pace of changes being made to the Home Equity Conversion Mortgage program you’re not alone. Lenders, originators, and servicers have

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HECM Changes: For Better or Worse?

HECM Changes: For Better or Worse?

Shannon Hicks June 20, 2016 3

Do Recent HECM Changes Help or Hurt our Industry & Consumers? Certainly one could argue that the recent changes to the federally-insured reverse mortgage have improved the reputation of the program in the eyes

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The Shrinking HECM?

The Shrinking HECM?

Shannon Hicks June 13, 2016 4

Challenges to HECM Growth & Measuring Success Reverse mortgage endorsement volumes have continued their slide after a brief recovery. Despite the increased acceptance of the press and financial planning community and the ever-growing need

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Were They Consulted?

Were They Consulted?

Shannon Hicks June 6, 2016 2

Proposed HECM Rules Raise Questions of Industry Collaboration It’s no secret. For the last three years our industry has born the brunt of numerous changes to the Home Equity Conversion Mortgage program. Not only

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HECM Changes: The Consequences of Interest Rate Caps

HECM Changes: The Consequences of Interest Rate Caps

Shannon Hicks May 31, 2016 4

% Rate Caps to Increase Costs: Secondary Market Concerns If there’s one word that describes the recently announced proposed rule changes it’s digestion. As many professionals comb over the finer details, one can begin

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