Industry Leader Update »

Hassle Free Loan?

Hassle Free Loan?

Shannon Hicks April 20, 2015 1

A Hassle-Free HECM or Long Term Success? Last week the Washington Post published an article entitled “Window is rapidly closing to get hassle-free reverse mortgage”. It is a well-written article outlining the change the

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An Open Dialog?

An Open Dialog?

Shannon Hicks April 13, 2015 4

If there is one analogy I wish I could tell every financial professional it would be this: If you were a doctor and knew your patient would die in 10 years and didn’t tell

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Bipartisan Commission Open to HECMs

Bipartisan Commission Open to HECMs

Shannon Hicks April 6, 2015 3

Recently a bipartisan commission was launched creating a task force to tackle the critical challenges of aging this year. The good news: the commission is positive about the role reverse mortgages play in the

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HECM Servicing Headaches

HECM Servicing Headaches

Shannon Hicks March 30, 2015 4

Fend for Themselves: The Industry Leader Update from Reverse Focus on Vimeo. CFPB Report Exposes Substantial Frustrations Between HECM Borrowers and Some Loan Servicers In the last year I have personally spoke with several

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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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