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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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Do HECM Reforms Fix Past Losses?

Do HECM Reforms Fix Past Losses?

Shannon Hicks September 25, 2017 1

Can recent HECM reforms ever repay the losses of the past? An honest examination of the reverse mortgage would recognize that many loans originated prior to 2013, could easily become a future liability. Case

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Take the HECM Changes Survey Today

Take the HECM Changes Survey Today

Shannon Hicks September 13, 2017 0

Create your survey with SurveyMonkey

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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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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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The HECM May Have to Move Out of FHA’s MMI Fund

The HECM May Have to Move Out of FHA’s MMI Fund

Shannon Hicks November 28, 2016 3

Will the HECM move back to the General Insurance Fund? While the overall FHA MMI (Mutual Mortgage Insurance) Fund is showing positive signs of recovery, the HECM portion of the fund has been much

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