In response to the Housing and Economic Recovery Act of 2008 (HR 3221), Bank of America has announced that it will no longer accept reverse mortgage applications containing a broker advisor agreement. I suspect that other reverse mortgage lenders are likely to interpret the new law in the same way and follow suit. This means [...]
Tag Archives: reverse mortgage
Negative Press About Reverse Mortgages Persists
A recent Associated Press article by Adrian Sainz issued some cautionary (dare I say fear-mongering?) statements about reverse mortgages, that beg a rebuttal. Most of his negative statements are apparently derived from an interview with David Certner, legislative policy director for the AARP. Ironically, AARP’s reverse mortgage web site presents a far more balanced perspective [...]
Reverse Mortgage Pro Intro
Thanks Todd, for the warm welcome. I look forward to offering up some informative posts about the world of reverse mortgages.
Luke
Reverse Mortgage Pro
Reverse Mortgages California
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