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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

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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.

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True Stories from the Field

True Stories from the Field

Shannon Hicks March 8, 2018 8

Are your referral sources missing the boat? A traditional mortgage broker called her saying “there’s just not enough money in the new reverse mortgage so I told her we can’t help”. Are your referral

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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

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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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