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.
3 Comments
Kind of funny that AARP is telling it’s members that the Reverse Mortgage is the last resort, when they are going to hook up with New York Life Insurance Bank and do Reverse Mortgages. The Consultant needs to make sure all the facts about the Reverse Mortgage are in the hands of the consumer to prevent a a “Cash and Burn” from happening.
Has the powers that be taken a look at the minimum age. Given the fact that folks are living longer and working past 65 generally, why not raise the minimum to at least 65. This would generate far fewer “negative issues” with our product. Another thing to look at is the source of where the business comes from. I dare say that those loans that come from referral from financial institutions or financial planners are less likely to have issues.
Unfortunately the AARP has never quite had a consistent stand on reverse mortgages. They kind of bend with whomever they are connected with, in this case now it will be New York Life.