Optimistic? Recap of Annual Meeting

by Shannon Hicks
| 3 Comments
| October 28, 2011

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[vimeo id=”31274257″ width=”601″ height=”338″]

A recap of the annual meeting in Boston provided an optimistic mood of the state of the reverse mortgage industry.

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.

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3 Comments

lm
October 30, 2011 at 8:52 am
you do not have a proper working link for this video

Optimism…

please correct
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- Shannon HicksModerator
  October 30, 2011 at 9:35 am
  I’m confused. We have several hundred views of the video on this page. What are you seeing in this page so we can troubleshoot?
  
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The_Cynic
October 30, 2011 at 3:56 pm
The Conventions have also been the site of much Pollyannaism as well. BUT there are many reasons to be both optimistic and skeptical.

The biggest unknow is the housing market. In that regard it was surprising to read in a NRMLA release that HUD is estimating a 20% increase in endorsements. It would help if the assumptions upon which the HUD projection is based were presented as well.

For now, I remain more skeptical (most would say cynical) and believe the industry as a whole will experience additional contracting although almost all lenders will expand. I am not so clear how individual originators will fare. No matter what this fiscal year will be a year of transition with the loss of Wells Fargo, Bank of America, and Financial Freedom.
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