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A Perversion of the HECM?

A Perversion of the HECM?

Shannon Hicks September 6, 2016 32

AARP Frowns Upon Strategic Use of HECM in Portfolio Management Creativity unlocks potential markets and opens up possibilities. It also makes you a target of critics. In recent years the long overlooked principal limit

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Sacred Cows

Sacred Cows

Shannon Hicks August 15, 2016 14

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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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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A Clear Solution Already Exists

A Clear Solution Already Exists

Shannon Hicks August 12, 2013 3

When it comes to those seeking to solve the issue of senior’s aging in place perhaps on quote should be mentioned. “Sometimes we stare so long at the wrong things, we miss out on

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AARP’s Six Fixes for Reverse Mortgage Program

AARP’s Six Fixes for Reverse Mortgage Program

Shannon Hicks July 1, 2013 8

The powerful lobying group AARP with it’s 38 million plus members has incredible clout in Washington DC. In a recent Senate hearing before lawmakers they suggested six changes to the federally insured reverse mortgage

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An Unlikely Ally?

An Unlikely Ally?

Shannon Hicks January 4, 2013 14

The prospect of not continuing to offer reverse mortgages has created unlikely ally for the program, AARP according to Sterne Ageel. Wall Street sees the continued profitability of the program and TWO: AARP is

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Cash Burn or Last Resort? – Younger Reverse Mortgage Clients

Cash Burn or Last Resort? – Younger Reverse Mortgage Clients

Shannon Hicks March 9, 2012 3

AARP still calls it a 'loan of last resort'. Will cash-burn by younger borrowers increase future defaults and foreclosures

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AARP Regulations – Chew through barbed wire?

AARP Regulations – Chew through barbed wire?

Shannon Hicks November 22, 2011 9

That may be just what future reverse mortgage borrowers may need to do to satisfy federal regulators before getting the loan. AARP recently called for more ‘special protections’ to help prevent serious harm (full

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