Industry Leader Update »

State of Readiness

State of Readiness

Shannon Hicks March 23, 2015 5

The Senate Special Committee on Aging Examines American Retirement Preparedness With the obvious retirement crisis looming over both retirees and the U.S. government the Special Senate Committee on Aging received input from acamdics, researchers

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Have You Asked?

Have You Asked?

Shannon Hicks March 16, 2015 4

Lately there have been several media accounts stating that much confusion remains for HECM borrowers. I have to admit I have some healthy skepticism when the media claims that reverse mortgages are still confusing

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The Origin of the Financial Assessment?

The Origin of the Financial Assessment?

Shannon Hicks March 9, 2015 3

The Home Equity Conversion Mortgage has undergone numerous product changes, regulations, new counseling requirements and protocols and reductions to lending ratios. Much like an aging celebrity who has undergone one too many plastic surgeries

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Not Surprised

Not Surprised

Shannon Hicks March 2, 2015 7

The media is inaccurate, misleading and selective in reporting the facts? What’s new. The Consumer Financial Protection Bureau’s recent release of it’s report on reverse mortgage complaints was seized upon by both the media

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A Welcomed Delay

A Welcomed Delay

Shannon Hicks February 23, 2015 5

Delay Grants More Time to Prepare for Assessment Last week our industry received what many consider an early Valentines gift. Feel the love yet? HUD announced that they would be delaying implementation of the

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Parsing Words

Parsing Words

Shannon Hicks February 16, 2015 22

As industry watchdog and consumer advocate Atare Agbamu puts it “Fourteen words”. At the heart of the non-borrowing spouse debate and subsequent lawsuits brought agains HUD are fourteen words found in the original regulations

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3 Weeks: Are You Prepared?

3 Weeks: Are You Prepared?

Shannon Hicks February 9, 2015 3

When it comes to how reverse mortgage loans are originated a line has been drawn in the sand: March 2nd, 2015. In two short weeks the long-awaited or dreaded Financial Assessment goes into effect

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M.O.E. An Alternative to HECM Foreclosures

M.O.E. An Alternative to HECM Foreclosures

Shannon Hicks February 2, 2015 11

This monumental policy change comes in the wake of several notable lawsuits brought against the Federal Housing Administration (FHA) and reflects the agency’s desire to close the door on further displacement of younger non-borrowing

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