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BREAKING: New Lending Limit Jan 1st

BREAKING: New Lending Limit Jan 1st

Shannon Hicks December 11, 2017 0

$679,650 Lending Limit for HECMs after 1-1-2018 While only a small percentage of potential borrowers with high-value property values would qualify, there are a few important caveats you should keep in mind. One note,

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Leaders Call for More Stability in Wake of Unpredictable HECM Changes

Leaders Call for More Stability in Wake of Unpredictable HECM Changes

Shannon Hicks November 30, 2017 1

In the wake of being blindsided by the most recent HECM changes, industry leaders are calling for stability

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Diversification: HECM Lenders Expand Their Offerings

Diversification: HECM Lenders Expand Their Offerings

Shannon Hicks November 26, 2017 5

With the HECM becoming increasingly unpredictable, many reverse-only lenders are expanding to offer traditional mortgages

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HECM Challenges: Less Money-Higher Costs?

HECM Challenges: Less Money-Higher Costs?

Shannon Hicks November 10, 2017 1

The good & the bad from recent HECM changes Sudden industry product changes are always coupled with challenges. Reverse mortgage professionals are seeing first-hand the impacts that HUD’s October surprise will have on borrowers

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The Truth About Recent HECM Changes

The Truth About Recent HECM Changes

Shannon Hicks November 3, 2017 3

What nuggets of truth can we glean from the most recent HECM reforms

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HECM Changes May Have Helped Close the “Credibility Gap”

HECM Changes May Have Helped Close the “Credibility Gap”

Shannon Hicks October 30, 2017 1

Further compounding this general skepticism are products whose unique features are highly advantageous leading many to say ‘if it sounds too good to be true, it probably is’

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HECM Changes & Impacts on Line of Credit Growth

HECM Changes & Impacts on Line of Credit Growth

Shannon Hicks October 27, 2017 2

HECM ‘line of credit’ growth still beneficial but more realistic Recent changes to the Home Equity Conversion Mortgage enacted on October 2nd have reduced the ongoing FHA insurance premium substantially and led to many

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Will HECM Changes “Stop the Bleeding”?

Will HECM Changes “Stop the Bleeding”?

Shannon Hicks October 20, 2017 3

The Home Equity Conversion Mortgage has come under increased scrutiny with HUD’s annual reports to Congress and the ensuing actuarial reports showing wild and unpredictable swings i

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