Industry Leader Update »

A Surprise HECM Foreclosure?

A Surprise HECM Foreclosure?

Shannon Hicks February 13, 2017 7

Possible Remedies to Prevent HECM Defaults The reverse mortgage industry could lament it’s treatment in the media, in the words of Rodney Dangerfield, “that’s the story of my life…no respect”. NBC4’s consumer reporter dramatically

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Executive Orders: The Impact on Our Industry

Executive Orders: The Impact on Our Industry

Shannon Hicks February 6, 2017 5

A Pause for HECM Changes? Executive orders. This practice of exercising executive authority has become increasingly frequent and controversial in recent presidential administrations. In 2013 HUD was granted the authority to in effect, issue

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The Trump Administration & Reverse Mortgages

The Trump Administration & Reverse Mortgages

Shannon Hicks January 30, 2017 1

How will the Trump administration approach reverse mortgages? Does one of the first decisions made by the Trump administration foreshadow the future of the reverse mortgage program? The administration’s decision to rescind a recent

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NEW HECM Rules Announced

NEW HECM Rules Announced

Shannon Hicks January 23, 2017 3

HUD Announced New Finalized HECM Rules for 2017 HUD announced their finalized rules enacting several policy changes to the Home Equity Conversion Mortgage (HECM) program which will go into effect later this year. What

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Are More HECM Reforms Needed?

Are More HECM Reforms Needed?

Shannon Hicks January 16, 2017 0

Are More Rule Changes Needed or Does Data Need to Be Reexamined? The new year is upon us and we can leave 2016 in the rear view mirror, with the exception of HUD’s pending

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Fake Reverse Mortgage ‘News’

Fake Reverse Mortgage ‘News’

Shannon Hicks January 9, 2017 2

Real estate columnist highlights the need to watch for ‘fake news’ Any mortgage or financial product requires good faith on the part of the company and its representative when working with a potential client.

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The Myth of Reverse Mortgage Foreclosures?

The Myth of Reverse Mortgage Foreclosures?

Shannon Hicks January 2, 2017 5

Guttentag Questions the Definition of a HECM ‘Foreclosure’ “Whoever controls the language controls the debate”. The purported ‘epidemic’ of reverse mortgage foreclosures has long been a staple for major media outlets to attack the

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2016: The Year in Review

2016: The Year in Review

Shannon Hicks December 26, 2016 2

Looking back at the stories that shaped our industry 2016 brought several changes to the reverse mortgage industry. Before launching head-first into the new year we should look back at the stories that shaped

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