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HECM: A Mortgage or Social Program?

HECM: A Mortgage or Social Program?

Shannon Hicks August 4, 2014 12

Is the federally-insured reverse mortgage a social program or a mortgage loan? The question should be addressed as it goes to the heart of recent program changes, restrictions and requirements. While few argue the

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The Three Horsemen of the Retirement Apocalypse

The Three Horsemen of the Retirement Apocalypse

Shannon Hicks October 14, 2013 6

The Three Horsemen of the Retirement Apocalypse. It’s no secret. The retirement system in America is broken.

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When Men Find Themselves Suddenly Solo

When Men Find Themselves Suddenly Solo

Amara Rose July 16, 2013 2

How do mean navigate later life alone due to divorce or, more likely, the death of a spouse. What makes the information most compelling is the voice of Suddenly Solo

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A Square Peg in a Round Hole?

A Square Peg in a Round Hole?

Shannon Hicks July 12, 2013 3

In my younger (pre-reverse mortgage years) I had the opportunity to meet several salespeople. All ages, skillsets and personalities. I learned something. Far more important than personality, closing skills or charm successful salespeople had

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AARP’s Six Fixes for Reverse Mortgage Program

AARP’s Six Fixes for Reverse Mortgage Program

Shannon Hicks July 1, 2013 8

The powerful lobying group AARP with it’s 38 million plus members has incredible clout in Washington DC. In a recent Senate hearing before lawmakers they suggested six changes to the federally insured reverse mortgage

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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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When Age is an Advantage

When Age is an Advantage

Amara Rose April 2, 2013 11

Dylan sang, "The times they are a-changin'," and the septuagenarian's lyrics presaged today's workforce. Gone is the gold watch and golden years playing golf or relaxing on the front porch

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Phoenix Rising?

Phoenix Rising?

Shannon Hicks June 8, 2012 4

There has been much discussion as to why reverse mortgage volumes are at historic lows.Will reverse mortgage volume slowly rise again like the mythical Phoenix from its ashes? A look at current home price

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