How to Overcome Confirmation Bias

by Shannon Hicks
| One Comment
| November 15, 2019

The first step is knowing you have confirmation bias too

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

Steven Kule
November 15, 2019 at 7:39 am
I would just like to vent my frustration with the new spot condo program.I had a client living in her condo for 20 years, and has no mortgage on it. Things are getting tight money wise, but she has no lates on credit report and no lates on HOA fees or insurance. Her only issue is that she doesn’t have sufficient income and assets to qualify. If we were able to dissipate her assets, we could qualify her, but in spot approvals, we cannot do this. This woman must now put her home up for sale and move because she cannot afford to live there without this program. Why can we dissipate assets on a home, but not a condo? I’ve been in the reverse industry for 20 years, and I’m proud of all the people I helped through the years, but feel helpless that I cannot save this woman’s home for her.I feel this program is discriminatory in that the dissipation is permitted on single family homes but not condos. This is a needs based program, and it seems that we’re moving away from that concept. As a senior myself, I empathize with my clients trying to survive in a tough environment. Just need to vent.Thanks
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