April Top 100 HECM Retail 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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It is odd that the current month of HECMs times 12 almost equals the revised number of HECMs expected for the fiscal year at 54,400. This fiscal year is turning out to be more disappointing than first believed. If this calendar year follows the pattern of the last three years, endorsements for the calendar year could total little more than 50,000 endorsements.
How anyone in this industry expects twice the volume for the next calendar year is “creepy, freaky, awesome”(?). I just hope not to see another 20% drop to 40,000 or below next calendar year.
Things will get clearer once we reach late January 2013.