From the craziest thing she’s ever done to her thoughts about the challenges facing the reverse mortgage market, we get the personal and professional facts from Sue Hunt, director of reverse mortgage counseling at CredAbility, in our monthly edition of The Hot Seat.
Ten years from now I will be enjoying my mountainside retirement home.
My favorite vacation was in Kauai, Hawaii. Love the mountains, the birds, the foliage—and eating outside for every meal!
My celebrity crush is Sir Paul, of course!
If I were a professional athlete, I would be a basketball player.
My first car was a 1954 Chevy Station Wagon.
The craziest thing I’ve ever done was jump out of a perfectly good airplane—twice!
My favorite movies are The Lord of the Rings trilogy.
I never miss an episode of Justified.
When I was younger I wanted to be older.
Every morning I thank God for another day!
I can't go without my morning cup of coffee.
I'll never forget giving birth to my three sons, the three best days and gifts of my life.
My parents taught me how to love my family and friends.
My favorite time of the day is just as the sun sets behind the trees; I love the shadows.
My iPod go-to is Fresh Air.
The best lesson I've ever learned was that I can choose to make every day great.
The worst purchase I've ever made was joining a health club and getting caught in the “nearly-impossible-to-terminate monthly bank draft” cycle. I should have known better!
My favorite book is The Secret Life of Bees.
If I could trade places with someone for a day, I would not choose anyone. I love my life!
The future of reverse mortgages is great! Baby boomers will be looking to use the equity in their homes as a part of their retirement plan.
The greatest setback for our industry is the current problem with tax and insurance defaults, which has created an atmosphere of fear and distrust about reverse mortgages. I look forward to HUD’s ongoing response to this issue (including some type of pre-loan financial assessment).
The most fascinating thing about the reverse mortgage industry is the diversity of the people engaged in a common mission to help older Americans age in place.
Before I entered the reverse mortgage industry I was a stay-at-home mom for several years. Prior to that, I was a life insurance underwriter. Working for CredAbility with reverse mortgage counselors is a great job!
In shaping appropriate regulation of the reverse mortgage industry, government officials need to understand that, as is true for any financial instrument, reverse mortgages are not good or bad. Education is a critical part of ensuring that consumers make wise decisions about using a reverse mortgage to age in place.