20,000 or 100,000 reverse mortgages in technical default?

by Shannon Hicks
| 5 Comments
| January 17, 2011

[vimeo id=”18797641″ width=”601″ height=”338″]

Reverse Mortgage Delinquency Crisis

Are borrowers spending their reverse mortgage funds unwisely? Is it the woman or the man who tends to spend the funds more quickly? Watch this week’s video for more.

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.

5 Comments

adminModerator
January 17, 2011 at 11:43 am
We apologize for the audio difficulties this week. We are making some adjustments and will improve the sound quality.
- Reply
- Link
John McParland
January 18, 2011 at 12:09 pm
How do I gain access to your broadcasts?

Thanks-you
- Reply
- Link
adminModerator
January 18, 2011 at 2:40 pm
John,

Thank you for your comment. You can gain access to the podcasts at ReverseFortunes.com. It only requires a free or paid membership to Reverse Fortunes. You can also listen on the iTunes store. Thank you for your inquiry.
- Reply
- Link
CLIFF RIDDLE
January 19, 2011 at 9:38 am
29,000 is my guess….However how man are in default because of deaths? How old is the reverse mortgage?? I would like to know the reasons. are most of these over 15 or 20 years old.. Do a “Paul Harvey” and tell us the rest of the story.
- Reply
- Link
MITCH HACKNEY
January 19, 2011 at 5:09 pm
13,919
- Reply
- Link