Is there a silver lining?

by Shannon Hicks
| 2 Comments
| April 2, 2011

[vimeo id=”21857081″ width=”601″ height=”338″]

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.

2 Comments

Mike Johnson
April 4, 2011 at 8:31 am
Again . it seems like we’ve cleared the decks, first for the FHA/HUD to collect more MIP, and now for the BANKS to collect the upfront Loan Origination Fee. Overall, try as hard as you’d like to, you are not convincing ANY MLO’s out there that any of the new “RULE” is going to be good for their pocketbook. No Front and back, only one, and that one alone is less than previously earned. Seems like REVERSE is now going to be considered like a Forward loan when it comes to comp, which is not good for Reverse LO’s, as they went into this knowing they’d make more per deal and there are lots less deals to be had in REVERSE than there are in Forward mortgages.
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CLIFF RIDDLE
April 6, 2011 at 8:56 am
LOOKS LIKE THE BANKS PUT US L.O.s WHERE THEY WANTED TO.
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