Michael Pinter's Reverse Mortgage Blog

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Mortgage and Lending - First Meridian Mortgage
Everything you ever wanted to know about Reverse Mortgages.
RECENT BLOG POSTS
Jack Guttentag, "The Mortgage Professor" wrote a great piece about Reverse Mortgages in the Washington Post on January 23rd. Kudos to Reverse Mortgage Daily which pointed the piece out a few days ago. The article is called "Reverse mortgages are not the next subprime" which refers to the horrendo...
02/08/2010
Joe Murin was the head of Ginne Mae, the government agency that now securitizes most Reverse Mortgages and the only one of the three major Government Sponsored Entities (GSE's) that is not in trouble (Fannie Mae and Freddie Mac are the other two) He wrote a great piece in mortagge new daily about...
02/04/2010
This one made me nauseous. I don't know who Kenneth Harney is, but he wrote an absurd subjective piece two days ago in the LA times. He tries to distance his own negative opinions by writing that all of the negativity is from "the regulators" and that people in the Reverse Mortgage industry are g...
12/30/2009
I can't believe how poor the general explanations about Reverse Mortgages are and how almost every website only look to gather information so that someone can sell something to the inquirer. It took me a while to wrap my head around Reevrse Mortgages, and I had been in teh forward mortgage worls ...
12/29/2009
The New York Times ran what should have been a benign story about how savings rates are so low that many seniors who are on a fixed income are really seeing their returns and income plummet. They mention one person who took a Reverse Mortgage to get some relief. Now, the basic idea was that a Rev...
12/29/2009
I was reading a book over the weekend about Dignity. It struck me that a Reverse Mortgage is about keeping one's dignity. When I think about the thousands or millions of senior homeowners who are in danger of losing their home, having trouble paying their bills or just worried about what might ha...
12/28/2009
Paula Span wrote a pretty unimaginitive, uninformative piece about Reverse Mortgages two days ago entitled "Trading Home Equity for Cash." While I prefer one of these to the horrendous, subjective and uninformed pieces recently in Forbes and elsewhere, the article really leaves the reader with ve...
12/18/2009
I don't know who Alexandra Zendrian is, but I really dislike her terrible portrayal of Reverse Mortgages in this month's Forbes Magazine. The article is entitled "Avoid Reverse Mortgages" I guess that says it all. She quotes some guy named Ron Roge who says that a Reverse Mortgage is only a last ...
12/16/2009
2009 will go down in history as one of the most tumultuous, unpredictable years ever in the Reverse Mortgage world. The year started off great with the principal limits being raised at the end of 2008 and with the Home Equity Conversion Mortgage (HECM) program being extended to include Purchases ...
12/07/2009
Here is a great example from today's Dallas Morning News, where Scott Burns, the financial "expert" takes a question about a reverse mortgage and really blows it. Here is the text of the question to Scott from P.H., His Answer to them and and my e-mail to Scott.   You can boost cash flow without ...
12/03/2009
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Everything you ever wanted to know about Reverse Mortgages.