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Rocket Mortgage report reveals older borrower trends

by Shannon Hicks


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EPISODE #653
Rocket Mortgage report reveals borrowing trends of older borrowers

Among the plethora of statistics in Rocket Mortgage’s October 2020 report lies insightful data on the borrowing behavior of older Americans.  Here are a few of the most relevant takeaways you should find valuable as a reverse mortgage originator or lender- especially if you’re working in the reverse purchase market.  In Q2 2020, The homeownership rate was highest for those householders aged…

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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 .

2 comments

Debbie Buckrucker January 20, 2021 at 7:19 am

Great info here! Where can I find Rocket’s printed report? Thank you

Reply
Shannon Hicks January 20, 2021 at 10:44 am

Debbie- glad you found this episode useful. Here’s the link to the report: https://www.rocketmortgage.com/learn/home-buying-statistics

Reply

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