Industry Leader Update »

A Bright Future

A Bright Future

Shannon Hicks January 27, 2014 2

Professor Sees Reverse Mortgages as a Cornerstone for Retirement Planning It’s no small endorsement. Well known Columbia Business school professor Christopher Mayer not only sees a bright future for reverse mortgages but he’s going

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Against The Wind

Against The Wind

Shannon Hicks December 9, 2013 10

2014 Presents Challenge & Opportunity for HECM Industry The classic Bob Seger song laments, “Against the wind. I’m older now but still running against the wind.” Both retirees and our industry are pressing against

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Now What?!

Now What?!

Shannon Hicks September 13, 2013 1

Now that the old HECM is effectively gone what can we do to protect and grow our business? Here are nine valuable strategies you can begin working today!

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October Surprise?

October Surprise?

Shannon Hicks August 5, 2013 6

Reverse Mortgage Reform Bill Passes, Awaits President’s Signature August or October Surprise? FHA may be able to use a scalpel rather than an axe when it comes to making reforms to the federally insured

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Scalpel or an Axe? HECM Reforms.

Scalpel or an Axe? HECM Reforms.

Shannon Hicks July 29, 2013 6

Without Congressional Authority FHA is Faced with Hard Choices HUD would prefer to take the surgeon’s approach making fine tuned adjustments to the federally-insured reverse mortgage or HECM program. Presently it is left with

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Soon Harder to Get…

Soon Harder to Get…

Shannon Hicks July 22, 2013 1

For future reverse mortgage borrowers qualifying may become problematic. In a recent article in the New York Times “Rules for Reverse Mortgage Borrowers May Become More Restrictive” Christopher Mayer describes the likely approach

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Is this a Silver Lining?

Is this a Silver Lining?

Shannon Hicks June 3, 2013 1

Borrowers overwhelmingly choosing Standard Adjustable. Why? HUD says the reverse mortgage program is generating positive cash flow. That’s good for the short term but does not erase the future liabilities to the mutual mortgage

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Surprise: What Loan are Borrowers Choosing?

Surprise: What Loan are Borrowers Choosing?

Shannon Hicks May 27, 2013 9

FHA eliminated the Standard Fixed Rate HECM. So what loan are borrowers overwhelmingly choosing? A look at borrower behavior and motivations

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