Industry growth

The Obstacle is the Way

Shannon HicksJune 6, 2022June 6, 2022

by Shannon HicksJune 6, 2022June 6, 20220425

The obstacle to HECM growth is our path forward We’ve just finished coming off a two-year sugar rush, actually, a gold rush of accumulated home equity that surprisingly surged after the Coronavirus pandemic reached our shores. Americans were awash with newfound equity thanks to their swelling home value. However, today

HECM growth in 2022 will hinge on One Word

Shannon HicksNovember 29, 2021November 29, 2021

by Shannon HicksNovember 29, 2021November 29, 20210798

True market growth of the HECM is likely to hinge on ONE WORD...

Do we have it all wrong?

Shannon HicksJune 8, 2020June 8, 2020

by Shannon HicksJune 8, 2020June 8, 202011463

It’s time to get past ‘eliminate mortgage payments’ Tax-free- no required payments, increased monthly cash flow- eliminate mortgage payment. These are just a few of the most-touted benefits of reverse mortgages. Just google any of the phrases and your likely result will be a reverse mortgage. But are these

What’s stopping HECM loan growth?

Shannon HicksJanuary 11, 2020January 11, 2020

by Shannon HicksJanuary 11, 2020January 11, 20206 1680

Are repeated HECM changes and stricter guidelines preventing substantial growth in HECM endorsements? Despite increasing housing wealth, a growing senior population, and increasing financial need few older homeowners are taking a reverse mortgage. An examination of potential roadblocks and how to overcome them.

Will this Save the Reverse Mortgage Industry?

Shannon HicksMarch 4, 2019March 1, 2019

by Shannon HicksMarch 4, 2019March 1, 20195 2256

More looking outside the HECM as a single solution What will save the reverse mortgage industry or at least put us back on a trajectory of sustained growth? One industry leader sees a path for recovery- one that broadens our vision and approach. Finance of America Reverse’s President Kristen

Viewers share their ideas to attract borrowers

Shannon HicksMay 10, 2018May 10, 2018

by Shannon HicksMay 10, 2018May 10, 201811138

How sharing what works for you benefits all Last week we asked you, our loyal viewers, to share what’s helped you attract potential HECM borrowers and grow your business. Well, several of you took the time to submit your ideas. Thank you, sincerely. Here are a few. Networking and calling

Finding Opportunity in a Down Market

Shannon HicksMay 6, 2018May 3, 2018

by Shannon HicksMay 6, 2018May 3, 20182 1340

Yogi Berra said ‘the future ain’t what it used to be”. One of the biggest challenges any industry, city or individual can face is to embrace the reality that things will never be like they were before and look for new ways to succeed in the new normal of doing

Despite Challenges This Was the Best HECM Decade

Shannon HicksApril 22, 2018April 17, 2018

by Shannon HicksApril 22, 2018April 17, 201811086

A long-term perspective of HECM endorsement volume Our collective experience as reverse mortgage professionals shapes our perspective. Much of that perspective in recent years was influenced by falling endorsement volumes. The reverse mortgage industry posted a record 114,000 endorsements in 2009 just as the housing and economic crash began in

Americans are piling on debt as inflation soars

The Source of HECM Reluctance?

The harvest is great but…

The Big Shift in HECM Lending has Begun

Industry growth

The Obstacle is the Way

HECM growth in 2022 will hinge on One Word

Do we have it all wrong?

What’s stopping HECM loan growth?

Will this Save the Reverse Mortgage Industry?

Viewers share their ideas to attract borrowers

Finding Opportunity in a Down Market

Despite Challenges This Was the Best HECM Decade

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