Podcast E644: HECM Program Improves Despite COVID

by Shannon Hicks
| 2 Comments
| November 16, 2020

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HECM Program Improves Valuation in FY 2020

In the early spring, the American economy was nearly flattened by shut-downs and shelter in place orders across the nation as a result of the COVID-19 pandemic. Ironically- despite this massive market interruption, FHA’s most recent report to Congress on the financial status of FHA’s Mutual Mortgage Insurance Fund reveals significant improvement in its capital position. Is this surprising?

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Did you know you have 12 mortgage choices?

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

Dan Hultquist
November 18, 2020 at 11:26 am
Yay! I got all 12 on the list. However, I had listed cash-out and rate-term refinances separately as well as construction vs construction/perm. I also included non-QM, proprietary reverse, investment property, lot/land, option arm, home equity loan (HEL), and home equity line of credit (HELOC).
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- Shannon HicksModerator
  November 18, 2020 at 11:39 am
  Well done Dan. Being our industry’s leading educator this is good to see 🙂
  
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