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20,000 or 100,000 reverse mortgages in technical default?

by Shannon Hicks
Reverse Mortgage Delinquency Crisis

[vimeo id=”18797641″ width=”601″ height=”338″]

Reverse Mortgage Delinquency Crisis

Are borrowers spending their reverse mortgage funds unwisely? Is it the woman or the man who tends to spend the funds more quickly? Watch this week’s video for more.

Shannon Hicks - Shannon is the President of Reverse Focus, Inc. He draws from his experience as a reverse mortgage originator and prior work in the financial services industry. Shannon has been covering reverse mortgage news stories since 2008 when he began podcasting and in 2010 with weekly video updates. He has spoken nationally at industry events and is host of the nation’s only weekly podcast for reverse mortgage professionals “Reverse Focus Weekly”. For more information, call 1.800-805-9328 x 3-3 or visit www.ReverseFocus.com .

5 comments

admin January 17, 2011 at 11:43 am

We apologize for the audio difficulties this week. We are making some adjustments and will improve the sound quality.

Reply
John McParland January 18, 2011 at 12:09 pm

How do I gain access to your broadcasts?

Thanks-you

Reply
admin January 18, 2011 at 2:40 pm

John,

Thank you for your comment. You can gain access to the podcasts at ReverseFortunes.com. It only requires a free or paid membership to Reverse Fortunes. You can also listen on the iTunes store. Thank you for your inquiry.

Reply
CLIFF RIDDLE January 19, 2011 at 9:38 am

29,000 is my guess….However how man are in default because of deaths? How old is the reverse mortgage?? I would like to know the reasons. are most of these over 15 or 20 years old.. Do a “Paul Harvey” and tell us the rest of the story.

Reply
MITCH HACKNEY January 19, 2011 at 5:09 pm

13,919

Reply

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