Industry Leader Update »

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 20

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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Assessing the Impact

Assessing the Impact

Shannon Hicks January 26, 2015 7

The two biggest words in our industry today...Financial Assessment. The question is what fallout can we anticipate once the assessment goes into effect in March? A recent article in Reverse Mortgage Daily looks at

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A New Type of Non-Borrowing Spouse

A New Type of Non-Borrowing Spouse

Shannon Hicks January 19, 2015 11

We had mentioned in an earlier episode that we expected to see HUD bring futher clarification to the new Non Borrowing Spouse policy. Last week however we have a new twist. The Ineligible Non-Borrowing

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What Does 2015 Hold for Us?

What Does 2015 Hold for Us?

Shannon Hicks January 12, 2015 1

“My best predictions are always for the past” one said and I couldn’t agree more. I am hesitant when it comes to predictions but here are a few we will venture to make for

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Fox Business on Reverse: Neither Fair or Balanced

Fox Business on Reverse: Neither Fair or Balanced

Shannon Hicks January 5, 2015 19

Last week Fox Business posted an article entitled “10 Reasons Not to Take Out a Reverse Mortgage" . Everyone loves a top ten list and one would think such a list from a well

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