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June Top 100 HECM Lenders Report

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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.

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  1. With just 31,274 HECM endorsements, fiscal 2019 was the worst year for HECM endorsements in the last 19 years. Yet for the first nine months total HECM endorsements in fiscal 2019 were just 23,759 as June 2019 while through June 2023 that same total is just 24,595. Fiscal 2023 is quickly proving out to be the second worst fiscal year in two decades for HECM endorsements. This time last fiscal year that total was 50,596 or 26,000 (more than double) more than for this fiscal year.

    Please do not get the wrong idea. There is really not much to say that is particularly good about the endorsement volume in this fiscal year not even H4P that everyone is claiming is doing so well. If it is doing well, please explain how.


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