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Will HECM Changes “Stop the Bleeding”?

Will HECM Changes “Stop the Bleeding”?

Shannon Hicks October 20, 2017 0

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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The Trump Era & The HECM

The Trump Era & The HECM

Shannon Hicks May 30, 2017 1

Good News for HECM, Not So Much for Housing Programs President Donald trump embodies the essence of a political wrecking ball in Washington D.C.- a city known to cling tightly to political traditions of

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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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