Friday's Food for Thought: Anxious or Auspicious?

Friday’s Food for Thought: Anxious or Auspicious?

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We have much to be anxious about: debt ceiling, HECM lending limits, home values & bank exits. There is much we can focus on negatively but it is imperative that we see the promise and opportunity ahead as this motivates our sales activity and efforts.

What’s Promising:

More seniors are in need than ever before
Home values while declining are near the bottom
Inflation will drive need for increased cash flow for seniors
Interest rates are low
Media is slowly embracing reverse mortgage as a viable planning tool.

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

James E. Veale, CPA, MBT
July 29, 2011 at 4:03 pm
Shannon,

Some of us remain skeptical about things like home values for the next few years. For those who remain in the industry, the immediate opportunities should increase. The difficulty and opportunity will be in tapping into the opportunities completely abandoned by Wells and B of A.

Have a great weekend.
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