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Properly Explaining the HECM Line of Credit

Properly Explaining the HECM Line of Credit

Shannon Hicks June 8, 2017 0

Many get it wrong- are you correctly explaining the line of credit Solid product knowledge brings sales confidence. How accurate is your description of how the HECM line of credit (principal limit growth rate)

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Some See the HECM Financial Assessment As A Benefit

Some See the HECM Financial Assessment As A Benefit

Shannon Hicks April 24, 2017 5

Two Years Later the Financial Assessment Receives Mixed Reviews The implementation of the HECM Financial Assessment was met with mixed reviews when it was launched in April 2015. While many industry professionals have remained

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The HECM’s State of Affairs

The HECM’s State of Affairs

Shannon Hicks April 17, 2017 4

Irrelevant HECM endorsements and recent developments The Irrelevancy of Historical Volumes A sense of frustration can set in for those expecting rapid expansion of loan volume back to our pre-recession levels.   After several

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HECM Changes Coming This Fall

HECM Changes Coming This Fall

Shannon Hicks April 10, 2017 1

Despite executive order, more HECM Changes coming this fall One would think our industry may catch it’s collective breath from the rapid nonstop pace of new rules and regulations for the Home Equity Conversion

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The Trump Administration & Reverse Mortgages

The Trump Administration & Reverse Mortgages

Shannon Hicks January 30, 2017 1

How will the Trump administration approach reverse mortgages? Does one of the first decisions made by the Trump administration foreshadow the future of the reverse mortgage program? The administration’s decision to rescind a recent

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A Dysfunctional Marketplace?

A Dysfunctional Marketplace?

Shannon Hicks September 26, 2016 6

The Mortgage Professor Examines the HECM Marketplace Dysfunction: abnormal or impaired functioning of a person, organ, or in our case Home Equity Conversion Mortgages. Is our market truly dysfunctional? If so, what corrections can

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The Call for a Low-Cost HECM

The Call for a Low-Cost HECM

Shannon Hicks September 12, 2016 3

A Call for the Return of the HECM Saver? In October 2010, the HECM Saver was introduced giving borrowers considerably lower upfront FHA insurance premiums in exchange for lower lending ratios or principal limits.

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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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