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BREAKING- HECM Report: Losses & Future Impact

BREAKING- HECM Report: Losses & Future Impact

Shannon Hicks November 17, 2017 0

New Report Separates & Exposes HECM Liabilities HUD’s most recent actuarial review and projected economic valuation of the Home Equity Conversion Mortgage sent shockwaves through the reverse mortgage industry last week. The 2017 Fiscal

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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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The Truth About Recent HECM Changes

The Truth About Recent HECM Changes

Shannon Hicks November 3, 2017 3

What nuggets of truth can we glean from the most recent HECM reforms

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HECM Changes & Impacts on Line of Credit Growth

HECM Changes & Impacts on Line of Credit Growth

Shannon Hicks October 27, 2017 2

HECM ‘line of credit’ growth still beneficial but more realistic Recent changes to the Home Equity Conversion Mortgage enacted on October 2nd have reduced the ongoing FHA insurance premium substantially and led to many

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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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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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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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