Skeptics Now Accept Reverse Mortgages, AAG Brings Jumbo Loan to Wholesale

Reverse Focus Weekly Podcast Episode #415 In this week’s Reverse Focus podcast, Shannon Hicks discusses the trouble that industry professionals foresee in the secondary market from HUD’s latest proposed lower interest rate caps. The rule would cap the lifetime interest rate increases on all HECM adjustable rate mortgages to 5% over the life of the […]

HUD Pleased with HECM Changes, Retirees Forced to Consider Home Equity

Reverse Focus Weekly Podcast Episode #413 In this week’s Reverse Focus podcast, Shannon Hicks discusses the positive impact of the new and improved HECM program. HUD is ‘very pleased’ with the program mainly because of the new protections that took effect last year, which include the non-borrowing spouse protection. HUD also hinted that a new […]

Retirees Don’t Take Reverse Mortgages Seriously, CFPB ‘Racket’ on Blast

Reverse Focus Weekly Podcast Episode #411 In this week’s Reverse Focus podcast, Shannon Hicks discusses why U.S. workers are not seriously considering reverse mortgages for retirement. One reason is that a large portion of both retirees and pre-retirees not only lack knowledge of reverse mortgages, but they also don’t consider the use of home equity […]

Finance Columnist Defends Reverse Mortgages, Top Lender Airs New TV Ad

Reverse Focus Weekly Podcast Episode #409 In this week’s Reverse Focus podcast, Shannon Hicks discusses a a personal finance columnist who recently defended his stance on reverse mortgages after being called “crazy” by some of his readers. In a column published by the San Antonio Express-News, personal finance commentator Scott Burns stressed that although reverse […]

Harrison Ford’s Reverse Mortgage Joke, The Benefits of H4P

Reverse Focus Weekly Podcast Episode #406 In this week’s Reverse Focus podcast, Shannon Hicks discusses a recent article published by The Wall Street Journal, which advised that much of the criticism plaguing reverse mortgages today is largely aimed at the Home Equity Conversion Mortgage (HECM) of the past. The article highlighted how the most recent […]

Moving Parts of Reverse Mortgage Costs, More ‘Education Week’ Details

Reverse Focus Weekly Podcast Episode #404 In this week’s Reverse Focus podcast, Shannon Hicks discusses next month’s reverse mortgage “Education Week” sponsored by the National Reverse Mortgage Lenders Association. The inaugural, week-long event is an attempt to facilitate conversations about reverse mortgages among non-industry professionals, including financial advisers, Realtors and home care professionals. Education Week […]

Aggressive Reverse Mortgage Volume Needed, Google Kills Mortgage Tool

Reverse Focus Weekly Podcast Episode #402 In this week’s Reverse Focus podcast, Shannon Hicks welcomes the Leap Year with a discussion on reverse mortgage volume in 2016. This year, the reverse mortgage industry will need “aggressive growth” in Home Equity Conversion Mortgage volume in order to recover from 2015’s roller coaster of a year as a […]

Low Demand for Reverse Mortgages, HUD Budget Supports HECM

Reverse Focus Weekly Podcast Episode #400 This week marks the 400th podcast episode of Reverse Focus Weekly, which has been broadcasting for over seven and a half years. In this week’s episode, Shannon Hicks discusses a recent article published by TIME Magazine, which describes reverse mortgages as the gateway to retirees’ biggest asset hiding in plain […]