Shannon Hicks

http://www.reversefocus.com - 1120 Posts - 353 Comments

Shannon Hicks - Shannon is the President of Reverse Focus, Inc. He draws from his experience as a reverse mortgage originator and prior work in the financial services industry. Shannon has been covering reverse mortgage news stories since 2008 when he began podcasting and in 2010 with weekly video updates. He has spoken nationally at industry events and is host of the nation’s only weekly podcast for reverse mortgage professionals “Reverse Focus Weekly”. For more information, call 1.800-805-9328 x 3-3 or visit www.ReverseFocus.com .

Bailouts: Pension Funds and the HECM

Shannon HicksNovember 27, 2018November 26, 2018

by Shannon HicksNovember 27, 2018November 26, 20182 491

American taxpayers are already footing the tab for somebody else’s retirement and that bill is expected to grow considerably. While some lawmakers have expressed a willingness to bail out underfunded private pensions many oppose the continued subsidization of the Home Equity Conversion Mortgage program. Despite a healthy economy and a

HECM Risks: A Balancing Act

Shannon HicksNovember 26, 2018November 21, 2018

by Shannon HicksNovember 26, 2018November 21, 20186 643

FHA is addressing risks on both sides The federally-insured reverse mortgage or Home Equity Conversion Mortgage while holding tremendous value has been challenged with continued losses paid from the FHA’s insurance fund. In the wake of the housing bubble and economic crisis the program, several changes were enacted. The

FHA’s MMI Fund Report Explained

Shannon HicksNovember 19, 2018November 20, 2018

by Shannon HicksNovember 19, 2018November 20, 20180530

[Download full report] [View 1-minute video summary] [Full Actuarial Review] A look behind the numbers and factors that shaped the FHA MMI Fund Report to Congress A recap of FHA’s and HUD’s media conference call, an examination of HECM risks, and how the value of the fund is calculated.

From the Front Lines: Melinda Hipp

Shannon HicksNovember 16, 2018November 15, 2018

by Shannon HicksNovember 16, 2018November 15, 20183 588

Melinda Hipp shares here experiences from the field Welcome to our first periodic segment where we share what HECM professionals in the field are seeing when it comes to attracting and qualifying potential reverse mortgage borrowers...

BREAKING: 2018 FHA HECM MMI Fund Summary

Shannon HicksNovember 15, 2018November 15, 2018

by Shannon HicksNovember 15, 2018November 15, 20181762

[Download full report] [View press release summary] [Full Actuarial Review] Modest improvements and continued economic losses to the HECM portion of FHA’s MMI Fund

Rebranding for Proprietary Reverse Mortgages

Shannon HicksNovember 15, 2018November 13, 2018

by Shannon HicksNovember 15, 2018November 13, 20180556

Your brand may be due for a makeover to effectively market proprietary reverse mortgage loans Just as the proprietary reverse mortgage market is unique so should be your marketing approach. About John Luddy: John has trained reverse mortgage professionals how to be successful when sitting face-to-face at the kitchen

From Dependency to Diversification

Shannon HicksNovember 13, 2018November 12, 2018

by Shannon HicksNovember 13, 2018November 12, 20182 398

Not too many years ago there was a time when the typical reverse mortgage professional could confidently build their business on a singular loan; the Home Equity Conversion Mortgage. That business model has become increasingly difficult to sustain in recent years. While some continue to succeed only offering the federally-insured

Senior Homeowners Caught in the Middle

Shannon HicksNovember 12, 2018November 13, 2018

by Shannon HicksNovember 12, 2018November 13, 20183 570

Asset-rich & Income-poor seniors find new mortgage options to tap housing wealth While most Americans look forward to retirement- many are finding their expectations caught between the need to finance their non-working years and the harsh realities of just how difficult it is to maintain their standard of living. While

Strong Words: Comments on Reverse Mortgages Spur Controversy

Tip of the Iceberg: HECM Occupancy Abuses

HECM Risks: A Balancing Act

FHA’s MMI Fund Report Explained

Shannon Hicks

Bailouts: Pension Funds and the HECM

HECM Risks: A Balancing Act

FHA’s MMI Fund Report Explained

From the Front Lines: Melinda Hipp

BREAKING: 2018 FHA HECM MMI Fund Summary

Rebranding for Proprietary Reverse Mortgages

From Dependency to Diversification

Senior Homeowners Caught in the Middle

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