Industry Leader Update »

Drinking from a Firehose

Drinking from a Firehose

Shannon Hicks August 22, 2016 3

The anticipated slowdown in HECM changes has yet to materialize Is our industry drinking from a firehose? Consider the last eight years that have left our industry in a continual state of flux as

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Sacred Cows

Sacred Cows

Shannon Hicks August 15, 2016 13

HECM Line of Credit (Principal Limit) Growth Rate in AARP’s Crosshairs Sacred cows. Those tenets or beliefs that have been long held above reproach and which are seen as immune from criticism. For the

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Huff Post: HECMs Can Save Retirement

Huff Post: HECMs Can Save Retirement

Shannon Hicks August 8, 2016 1

One Seasoned Financial Advisor Says HECM Can Save Retirement The reverse mortgage industry continues to push against the headwinds of dwindling loan volume and increased regulation, yet there remains a silver lining: increased acceptance

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Half Truths

Half Truths

Shannon Hicks August 1, 2016 9

New York Post Skewers Reverse Mortgages While negative new stories about reverse mortgages have diminished considerably a few media outlets continue to beat the drum on the dangers of reverse mortgages leaving vulnerable seniors

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NRMLA Responds to Proposed HECM Changes

NRMLA Responds to Proposed HECM Changes

Shannon Hicks July 25, 2016 0

A brief summary of NRMLA’s 30-page response to FHA Collectively as an industry we have endured numerous changes to the Home Equity Conversion Mortgage program in recent years. Two months ago, FHA outlined several

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A Change of Heart in Reverse

A Change of Heart in Reverse

Shannon Hicks July 18, 2016 1

What changed the mind of one Chicago Tribune Columnist? It is admirable to have strongly-held beliefs. It is even more laudable when one changes their position based on new facts and insight. That’s exactly

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HECMs: A Gotcha Market?

HECMs: A Gotcha Market?

Shannon Hicks July 11, 2016 1

Why the HECM may be a ‘gotcha’ market for consumers Last week we addressed the divergent relationship between the increasing need of retiring homeowners and the continued decline in reverse mortgage volume. Beyond the

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More or Less? That is the Question

More or Less? That is the Question

Shannon Hicks July 5, 2016 2

A Dispassionate Examination of the HECM We’ve all heard the predictions. The industry will bounce back to 100,000 endorsements per year, the baby boomer wave will spur industry growth, etc. A recent article on

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