Posts Tagged ‘are reverse mortgages a scam’

Why the Media Misinforming Seniors on Reverse Mortgages is Wrong and Even Dangerous

Written on 14 Aug, 2014 at 8:28

And reverse mortgages keep homes safe from foreclosure, and millions of seniors have lost homes from foreclosure over the last five years. Many were denied loan modifications because they had equity in their homes. I can't help but... (Continue reading)

Tagged with: #foreclosurecrisis #reversemortgages ABC News alternatives to a reverse mortgage are reverse mortgages a scam bank of america changes to HECMs CNBC CNN diana olick economic recovery Forbes Magazine foreclosure crisis foreclosures HAMP HECM reverse mortgages how reverse mortgages work Huffington Post income in retirement loan modification loan modifications Making Home Affordable Plan mandelman mandelman matters martin andelman mortgage crisis mortgage refinancing mortgage servicers NACA retirement income retirement planning reverse mortgage reverse mortgage stability act of 2013 reverse mortgages Section 255 of the National Housing Act the new york times U.S. News & World Report washington post

What’s WRONG with Richard Cordray of the CFPB? Tell Me How Can This Happen?

Written on 23 May, 2014 at 18:15

So, why does Cordray make it sound like he's describing a problem with reverse mortgages when he's actually not? Why is he scaring seniors away from a reverse mortgage, when it could transform their lives, or save their homes,... (Continue reading)

Motley Fooled by Reverse Mortgages – New York Times No Better

Written on 13 May, 2014 at 12:17

If you've seen one article about the "risks" or "perils" or "nightmares," associated with reverse mortgages, you've quite literally seen them all. It feels almost like one writer started a chain letter on the subject, and the rest of... (Continue reading)

CNBC’s Diana Olick makes sure no one understands reverse mortgages, I make sure they do.

Written on 12 May, 2014 at 6:52

I'm constantly amazed at the negative press and misconceptions surrounding reverse mortgages, because the bottom-line is they are an absolutely wonderful product that almost everyone over 62 years old should have, and yet in a year of talking to seniors... (Continue reading)