Is this a Silver Lining?

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Borrowers overwhelmingly choosing Standard Adjustable. Why?

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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 insurance fund for previous years books of HECM business which is expected to result in claims for property values under the final loan balance and tax and insurance defaults. In it’s recent quarterly report to congress, HUD reports that the reverse mortgage program is…

Editor in Chief: HECMWorld.com

As a prominent commentator and Editor in Chief at HECMWorld.com, Shannon Hicks has played a pivotal role in reshaping the conversation around reverse mortgages. His unique perspectives and deep understanding of the industry have not only educated countless readers but has also contributed to introducing practical strategies utilizing housing wealth with a reverse mortgage.

Shannon’s journey into the world of reverse mortgages began in 2002 as an originator and his prior work in the financial services industry. Shannon has been covering reverse mortgage news stories since 2008 when he launched the podcast HECMWorld Weekly. Later, in 2010 he began producing the weekly video series The Industry Leader Update and Friday’s Food for Thought.

Readers wishing to submit stories or interview requests can reach our team at: info@hecmworld.com.

1 Comment

CLIFF RIDDLE
June 3, 2013 at 9:11 am
WISH THEY COULD ADD 2 AND 2,,,,,,,,,,I AM STILL WAITING FOR MY LICENSE IN THE STATE OF IDAHO,,,,THEY CAN’T SEEM TO PUT IT BACK JUST LIKE IT WAS IN 2012 IT IS ONLY BEEN 6 MONTHS AND THEY TELL ME TWO HAVE PATIENCE,,,,,,,WASHINGTON WAS DONE MONTHS AGO ,,,,, THANKS WASHINGTON CLIFF
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