Michael Pinter's Reverse Mortgage Blog

By
Mortgage and Lending - First Meridian Mortgage
Everything you ever wanted to know about Reverse Mortgages.
RECENT BLOG POSTS
It is now well over a year since the Housing and Economic Recovery Act (HERA) was passed and that stated explicitly that Reverse Mortgages would be available for Co-ops. We have been waiting since then to hear exactly when this would be put into effect by HUD. We are still waiting. Recently rumor...
12/03/2009
AARP's show "inside E Street" ran a very fair and balanced video piece on Reverse Mortgages titled "Reverse Mortgage - Rescue or trap?" The title stinks, but the piece is very good. The video is over 26 minutes long and the first half contains interviews with two members of Congress (Judy Biggert...
12/02/2009
The National Consumer Law Center, (NCLC) an organization that I had never heard of before came out with a horrendous, ridiculous "report" about Reverse Mortgages entitled "Subprime Revisited." The title alone lets you know what they think. I read the entire report and I had to struggle to keep my...
10/28/2009
Currently, there are 34 million Americans 65 or older. By 2030, this number should more than double to over 70 million, more than 20% of the U.S. populaton. There are presently more than Twelve million people 65 or older who own their homes outright (no current mortgage.) This represents over $4 ...
10/19/2009
The Office of the Comptroller of the Currency (OCC, a division of the US Treasury Dept.) recently came out with a consumer advisory report about Reverse Mortgages. If you remember, a few months ago, the head of the OCC, John Dugan, made one of the worst speeches ever and compared some Reverse Mor...
10/16/2009
HUD's absurd decision to cut every Home Equity Conversion Mortgage (HECM, the FHA Insured Reverse Mortgage Program) by 10% accross the board is one of the most insane decisions I have ever seen. The background here is that the Congressional Budget Office decided a few months ago that, for the fir...
10/02/2009
I will start posting regularly again next week For now, there is just too much for me to do to. Limits (loan amounts) got reduced by ten percent. Reverse Mortgages for Co-ops look like a reality starting January, and many other interesting things are going on, both good and bad. I'll post about  ...
10/01/2009
Here is the link to the video http://www.cnn.com/video/#/video/business/2009/08/29/nr.reverse.mortgages.cnn?iref=videosearch The "Housing Expert" knows less about Reverse Mortgages than my five year old son. I cringed as almsot everything he said was incorrect. I'm used to negative pieces where t...
09/08/2009
John Yedinak's Reverse Mortgage Daily Blog posted the National Reverse Mortgage Lender Association's (NRMLA) response to the deplorable article that Consumer Reports had in it this month about Reverse Mortgages. (I had posted the link to the article last week) The response is long and detailed an...
09/04/2009
AP ran a story today that says that many more older Americans will be working for many more years than they planned to and will make up almost all of the growth in th U.S. job market as younger people elect to stay in school. I am hearing, almost every day, from Seniors that they just can't make ...
09/03/2009
Rainer
84,417

MichaelPinter

local_phone(718) 906-6132
smartphone(917) 701-5666
Contact The Author
Everything you ever wanted to know about Reverse Mortgages.