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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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Big Changes Ahead in 2017

Big Changes Ahead in 2017

Shannon Hicks March 13, 2017 2

3 reasons why you should expect big changes in 2017 The political landscape changed with a sudden seismic shift felt across the world. Domestically the impacts of a new populist, small government philosophy may

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NEW HECM Rules Announced

NEW HECM Rules Announced

Shannon Hicks January 23, 2017 3

HUD Announced New Finalized HECM Rules for 2017 HUD announced their finalized rules enacting several policy changes to the Home Equity Conversion Mortgage (HECM) program which will go into effect later this year. What

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Are More HECM Reforms Needed?

Are More HECM Reforms Needed?

Shannon Hicks January 16, 2017 0

Are More Rule Changes Needed or Does Data Need to Be Reexamined? The new year is upon us and we can leave 2016 in the rear view mirror, with the exception of HUD’s pending

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The Myth of Reverse Mortgage Foreclosures?

The Myth of Reverse Mortgage Foreclosures?

Shannon Hicks January 2, 2017 5

Guttentag Questions the Definition of a HECM ‘Foreclosure’ “Whoever controls the language controls the debate”. The purported ‘epidemic’ of reverse mortgage foreclosures has long been a staple for major media outlets to attack the

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Sacred Cows

Sacred Cows

Shannon Hicks August 15, 2016 14

HECM Line of Credit (Principal Limit) Growth Rate in AARP’s Crosshairs Sacred cows. Those tenets or beliefs that have been long held above reproach and which are seen as immune from criticism. For the

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