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Don’t Get Suckered: Consumer Reports

Don’t Get Suckered: Consumer Reports

Shannon Hicks July 27, 2015 7

Consumer Reports Article Cautions Readers The magazine and self-described consumer educator and advocacy group Consumer Reports recently published an article entitled “Don’t Be Suckered Into Buying a Reverse Mortgage”. In it’s paternalistic zeal Consumer

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Where Do We Go from Here?

Where Do We Go from Here?

Shannon Hicks July 20, 2015 4

RMD Interviews NRMLA president Peter Bell on Industry Outlook and change  If you want an example of rapid industry change look no further than the Home Equity Conversion Mortgage program. Recently Reverse Mortgage Daily

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Where Have the Jumbos Gone?

Where Have the Jumbos Gone?

Shannon Hicks July 13, 2015 8

Where Are the Jumbo Reverse Mortgages The time is ripe for jumbo reverse mortgages but where are they? The Home Equity Conversion Mortgage market has weathered the storms of the housing crash and numerous

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Feeling the Squeeze After the Assessment

Feeling the Squeeze After the Assessment

Shannon Hicks July 6, 2015 10

According to a poll conducted by Reverse Mortgage Daily 12% of lenders anticipated a loss in volume less than 10% while more than half expected an impact of 15% or more

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‘Unwinding’ a Reverse Mortgage: Heirs Need Assistance

‘Unwinding’ a Reverse Mortgage: Heirs Need Assistance

Shannon Hicks June 29, 2015 5

Bankrate Article Highlights Challenges of Heirs Settling Reverse Mortgages It’s no secret. Many of our past borrowers will pass away during our tenure as reverse mortgage professionals. Knowing this shouldn’t we prepare our borrowers

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Is the Battle Over?

Is the Battle Over?

Shannon Hicks June 22, 2015 3

Is the battle over? HUD’s recent change to non borrowing spouse policy for Home Equity Conversion Mortgages is lauded by consumer advocates. June 12th may mark the end of the long fought battle between

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Transparency Needed for Improvement

Transparency Needed for Improvement

Shannon Hicks June 15, 2015 3

CFPB Not Releasing Ad Data at Core of Recently Released Study After releasing a consumer advisory and the results of focus group findings of reverse mortgage ads that were deemed misleading, ambiguous or difficult

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CFPB Report Says Reverse Mortgage Ads Misleading

CFPB Report Says Reverse Mortgage Ads Misleading

Shannon Hicks June 8, 2015 13

The Consumer Financial Protection Bureau released the results of a focus group finding that many reverse mortgage ads are either inaccurate, confusing or misleading

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