Industry Leader Update »

More HECM Changes Coming…

More HECM Changes Coming…

Shannon Hicks May 23, 2016 7

More Changes for HECM on Horizon from HUD If you think the dust has finally settled in the wake of numerous HECM changes, think again. HUD announced their intention to codify recent program changes

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Loan Payout Manipulation

Loan Payout Manipulation

Shannon Hicks May 16, 2016 16

NRMLA Issues Ethics Advisory on Planned Prepayment HECM Loans It’s not often discussed or quite frankly on the radar of most reverse mortgage professionals, structuring HECM loans for higher initial payouts followed by an

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This is why we have the Financial Assessment

This is why we have the Financial Assessment

Shannon Hicks May 9, 2016 10

One couple’s story highlights the rationale behind the Financial Assessment In an ideal world, the government and housing agencies would not have to protect people from themselves. The truth is that is not the

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HECMs vs. The Establishment

HECMs vs. The Establishment

Shannon Hicks May 2, 2016 3

The Financial Planning “Establishment” Still Reluctant About HECMs To use a political analogy, reverse mortgages are the anti-establishment candidate. Long viewed as a loan of last resort, criticized for high costs and maligned by

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Now or Later? That is the Question

Now or Later? That is the Question

Shannon Hicks April 25, 2016 2

The Cost of Waiting & Hedging Against Falling Home Values Perhaps it is laughable to some to even consider hedging against falling home values. After all homes across the nation have appreciated nearly to

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Baby Boomer Equity Should Be Considered

Baby Boomer Equity Should Be Considered

Shannon Hicks April 18, 2016 5

Baby Boomer’s Wealth is in Their Home The new expanded definition of a fiduciary for financial advisers could expand the required discussion of assets to be considered in a comprehensive retirement strategy. Good news

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New Fiduciary Rule Could Open Doors

New Fiduciary Rule Could Open Doors

Shannon Hicks April 11, 2016 8

New Definition of Fiduciary Could Require Discussion of Home Equity It is a game-changer for financial professionals and possibly for reverse mortgage professionals alike. An expected change of the fiduciary rule by the Department

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Korea’s Reverse Mortgage Program Raises Questions

Korea’s Reverse Mortgage Program Raises Questions

Shannon Hicks April 4, 2016 3

South Korea Now Actively Promoting Reverse Mortgages The Korean Financial Services Commission announced last month that they will introduce a new set of policies in the effort to spur reverse mortgage adoption to help

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