This issue

marks the first of 2014 as we officially leave behind what proved to be a challenging year for the HECM industry. As we regroup in the wake of drastic change, some are optimistic about the opportunity that lies ahead. While volume may dip as the industry adjusts, the changes present a chance to rethink how we discuss the benefits of this loan with consumers. Many are hopeful that the revisions will give the reverse mortgage a clean slate, allowing the industry to improve the public’s negative perception of this valuable product.

In this month’s cover story, we talk to HUD’s deputy assistant secretary of single-family housing, Charles Coulter. As a leading participant in the agency’s overhaul of this FHA-insured loan, Coulter expresses his support for the program and belief that the

recent revisions will adequately position the reverse mortgage to successfully provide thousands of America’s seniors with a means to support their retirement.

In our Spotlight story, a dozen professionals from various sectors across the reverse space echo some of Coulter’s cautious optimism as they reveal their goals for the year ahead and their hopes for the direction of the HECM market in 2014.

Finally, while the industry adapts to a new HECM landscape, I’d like to invite our readers to join in on the conversation. With input from dedicated reverse professionals who believe deeply in the value of this product, we can enhance the discussion about how we can work together to advance this important product.

Want to contribute to the conversation? Contact [email protected].