Consultant Examines Home Equity and Cash Flow RESEARCHER BARBARA R. STUCKI has examined financial trends impacting seniors for decades, including the prevalence of household stressors that can increase financial vulnerability and how Home Equity Conversion Mortgages (HECMs) can help. Stucki is the principal at BRStucki Consulting, Bend, OR. She is a former CEO of NestCare FPC and the former vice president for home equity initiatives with the National Council on Aging. During NRMLA’s 2021 Virtual Annual Meeting, held in November, she cited information she analyzed from 2017 HECM counseling data. Here is a closer look at some of those numbers. Source: Using Home Equity to Sustain Cash Flow for Aging in Place, by Barbara R. Stucki 88.2%: Eliminating/ lowering housing debt as a reason for considering a HECM. 1.6%: Helping family as a reason for considering a HECM. 29.6%: Paying for daily expenses as a reason for considering a HECM. 43/32%: The number of HECM counseling clients living alone compared to the 62+ U.S. population. 45/39%: The number of HECM households that were economically insecure compared to the 62+ U.S. population. 28.7%: Increasing quality of life as a reason for considering a HECM. 17%: Home repair or renovation as a reason for considering a HECM. Numbers 36 REVERSE MORTGAGE / MARCH-APR I L 2022
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