Industry Leader Update »

Foreclosure claims stir Congressional scrutiny

Foreclosure claims stir Congressional scrutiny

Shannon Hicks March 23, 2018 5

The number of allgeged ‘foreclosures’ have raised the eyebrows of lawmakers tasked with overseeing HUD's budget and the HECM program

Read More »
Can Reverse Mortgages Compete with HELOCs?

Can Reverse Mortgages Compete with HELOCs?

Shannon Hicks March 16, 2018 0

HELOCs hold hidden pitfalls for many senior homeowners In the last decade more senior homeowners have leveraged their home’s equity to fund their retirement years. For many it was refinancing their home for lower

Read More »
Industry Survey Results & AARP’s Response to HECM Changes

Industry Survey Results & AARP’s Response to HECM Changes

Shannon Hicks March 9, 2018 1

To say that HUD’s most recent changes to the Home Equity Conversion Mortgage were met with mixed reviews would be the understatement of the decade.

Read More »
HECMs, housing shortages, and foreclosure loopholes.

HECMs, housing shortages, and foreclosure loopholes.

Shannon Hicks March 2, 2018 2

Are reverse mortgages contributing to regional housing inventory shortages? How the Michigan Tax Tribunal views HECM proceeds and property tax obligations. Philadelphia Councilwoman seeks to close foreclosure loophole. Harlan Accola publishes his latest book

Read More »
Traditional lender and bank reluctance may present opportunity

Traditional lender and bank reluctance may present opportunity

Shannon Hicks February 23, 2018 3

Beyond generational lending: Bank and lender partnerships On it’s face the reluctance of mortgage lenders to offer reverse mortgages could be seen as a setback. Recent survey results from the Stratmor Group’s sampling of

Read More »
How HUD can provide HECM program stability

How HUD can provide HECM program stability

Shannon Hicks February 19, 2018 1

Stabilizing the HECM program? HUD signaled more potential changes for FY

Read More »
Is the HECM-Only Business Model Challenged?

Is the HECM-Only Business Model Challenged?

Shannon Hicks February 9, 2018 6

The decline of consumer interest may signal the need for lenders to diversify their offerings

Read More »
A Catch-22

A Catch-22

Shannon Hicks February 2, 2018 2

With reverse mortgage originators making less per funded loan some are curtailing their investment in marketing and lead purchases- both which contribute to fewer loans. The result is a self-fulfilling prophecy

Read More »