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Where Do We Go from Here?

Where Do We Go from Here?

Shannon Hicks July 20, 2015 4

RMD Interviews NRMLA president Peter Bell on Industry Outlook and change  If you want an example of rapid industry change look no further than the Home Equity Conversion Mortgage program. Recently Reverse Mortgage Daily

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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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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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5 Things You May Not Know about the Financial Assessment

5 Things You May Not Know about the Financial Assessment

Shannon Hicks December 1, 2014 0

Five Take-Aways from the Financial Assessment Two weeks ago today we hosted a national webinar on the Financial Assessment with over 800 participants. Since that time the proverbial dust has begun to settle allowing

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A Plan for Change

A Plan for Change

Shannon Hicks November 28, 2014 4

Preparing Yourself for the Financial Assessment “The reed which bends in the wind is stronger than the mighty oak which breaks in a storm”. Though centuries old this familiar quote could have been written

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The Financial Assessment Released

The Financial Assessment Released

Shannon Hicks November 17, 2014 17

The long anticipated, or dreaded depending on your viewpoint, Financial Assessment was announced last week by HUD at the annual National Reverse Mortgage Lenders Association conference in Florida. The new guidelines will go into

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Now Younger in Reverse…

Now Younger in Reverse…

Shannon Hicks April 29, 2014 3

When is a HECM beneficial for couples with a spouse under 62? Now that FHA will be accommodating younger spouses under the age of 62 this August, it behooves us to examine the impact

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New HECM Products Nixed

New HECM Products Nixed

Shannon Hicks April 7, 2014 4

There was a rush to market by a handful of lenders to offer fixed rate variant products which still fell within the guidelines of the federally insured reverse mortgage or HECM program. While FHA

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