Senator McCaskill waxes eloquent on reverse mortgages.

by Shannon Hicks
| One Comment
| August 10, 2010

Senator McCaskill On Reverse Mortgages

Senator McCaskill discusses whether or not lenders have the best interest of seniors in mind.

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

jorge
November 3, 2014 at 10:42 am
first how did that lady in MO. get a reverse mortgage and not finish the roof. what kind of reverse mortgage did she get? LUMP SUM, LOC, or MONTHLY TENURE? also how did it eat up her equity. there is usually equity in the home for 15-20 years according to the Amortization.

Second isn’t any risk covered by the insurance that FHA asks for? isn’t that the whole purpose of MIP. the cost is usually high and a 1.25% is also charged. what is this about the tax payers having to cover any overage?
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