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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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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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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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BREAKING- HECM Report: Losses & Future Impact

BREAKING- HECM Report: Losses & Future Impact

Shannon Hicks November 20, 2017 2

New Report Separates & Exposes HECM Liabilities HUD’s most recent actuarial review and net value of the Home Equity Conversion Mortgage sent shockwaves through the reverse mortgage industry last week. **Listen to this week’s

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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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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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HECM Changes: 5 Things to Expect

HECM Changes: 5 Things to Expect

Shannon Hicks October 6, 2017 4

While the mortgagee letter was brief the potential impacts are considerable. Here are some impacts to anticipate and plan for in the wake of the most recent overhaul of the federally-insured reverse mortgage

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What comes after October 2nd?

What comes after October 2nd?

Shannon Hicks September 28, 2017 0

What comes after 10/2? Norcom can help… Norcom has a business model that will fit your business model…especially after HECM changes begin October 2nd. About John Luddy: John has trained reverse mortgage professionals how

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