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Senators Vow to Block All Nominees

Senators Vow to Block All Nominees

Shannon Hicks April 29, 2018 2

A long-term perspective of HECM endorsement volume Our nation’s capital is often referred to as the swamp in part for its political factions, bureaucratic battles and interagency turf wars. Recently two U.S. senators recently

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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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More Questions Than Answers

More Questions Than Answers

Shannon Hicks December 8, 2017 7

Before any further changes or cutbacks are enacted, the source of ongoing HECM losses must be identified

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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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NEW HECM Final Rules Begin Sept 19th

NEW HECM Final Rules Begin Sept 19th

Shannon Hicks September 18, 2017 3

HECM Final Rule Changes Begin Tommorw- Part 2: Interview with RMI’s John Lunde HUD’s HECM Final Rules go into effect tomorrow (9/19/2017) and include in part: For fixed rate HECMs, only a full-funded LESA

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HECM Changes: Followup Q&A with Survey Results

HECM Changes: Followup Q&A with Survey Results

Shannon Hicks September 12, 2017 4

Follow up on two biggest questions on HUD’s changes to HECM We had over 700 participants in last week’s webinar discussing HUD’s dramatic changes to the HECM program. Two of the most popular questions

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BREAKING: HUD Cuts PLF Factors, % Rate Floor & Increases Upfront FHA Insurance Premiums

BREAKING: HUD Cuts PLF Factors, % Rate Floor & Increases Upfront FHA Insurance Premiums

Shannon Hicks August 30, 2017 12

Without any prior warning or industry comment, HUD formally announced an increase of upfront insurance premiums for all borrowers, regardless of initial distributions, to 2% upfront, and .5% for ongoing mortgage insurance premiums. The

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Carson talks reforms, Scammer sentenced, SEC warns of de-listing

Carson talks reforms, Scammer sentenced, SEC warns of de-listing

Shannon Hicks July 24, 2017 1

Scammer sentenced, Carson talks reverse mortgages, Walter faces possible de-listing from NYSE In this week’s edition: HUD Secretary Ben Carson supports reverse mortgage program while speaking for the need for reform.  The New York

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