The Next Mortgage Crisis, HUD Appeals Reverse Mortgage Court Ruling

ReverseFocusReverse Focus Weekly Podcast Episode #287

In this week’s Reverse Focus podcast, Shannon Hicks talks Realtors, HECM for Purchase potential, and factors that may lead to a new, impending mortgage crisis. 

That new crisis could stem not from traditional mortgages, but from home equity lines of credit that were taken nearly a decade ago, and are now requiring borrowers to make steep payments. 

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Also discussed is the latest in a recent lawsuit involving the Department of Housing and Urban Development and two reverse mortgage non-borrowing spouses who have sued the government over the loss of their former homes. 

Hicks also talks about the recent steps toward economic recovery and how many Americans are still coming up short when it comes to retirement plans and long term financial security.

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Talking Points:

  • Realtors Need to Know About HECM Purchase
  • Despite Recovery Retirement Still Unrealistic for Many
  • The Next Mortgage Crisis? The Sleeping Giant
  • HUD Appeals Non Borrowing Spouse Court Ruling

Listen Now. “Reverse Focus is the ultimate resource for reverse mortgage professionals providing the technology, training and marketing to grow your business. We are your one-stop resource for those committed to taking their business to the next level.”

Editor’s Note: These posts are sponsored by Reverse Focus.

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