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
Interthinx is one of the leading loss mitigation companies in the mortgage industry. What they do is check for and keep statistics on various types of mortgage fraud such as occupancy fraud, income fraud and valuation fraud. They just came out with a report that shows that overall fraud is up thi...
08/27/2009
For all those raving fans who were impressed that the Case Shiller Price index decreased by 15% instead of the 16% that was expected; Keep in mind: It's still going down! I have been saying that it will take until 2011 for the market to start to rebound. Apparently some other peopel feel it will ...
08/25/2009
Here is an AP story from today that shows that, because there was no inflatiion this year, there will be no Cost Of Living Adjustement (COLA) to Social Security payments this year or next. Here is the lnk: http://m.apnews.com/ap/db_8559/contentdetail.htm?contentguid=fuesnPZy] So, once again Senio...
08/24/2009
First the good news: In "The Sokesman," Tom kelly writes avery good (and short) article about how Reverse Mortgages should not be labeled as "bad" or similar to "subprime." He really hits the nail on the head. Here is the link: http://www.spokesman.com/stories/2009/aug/16/reverse-mortgages-should...
08/20/2009
Fox Business News had a short piece on Reverse Mortgages last week. The two anchors are pretty ignorant about the product and the guest, Jim Randel was okay, but not great. He defends againast the notion of "just sell the house", but then he said that a HELOC is a better choice if you can qualify...
08/19/2009
I never thought I would be fascinated by a Presentation from the Governmnet, but the Reverse Mortgage Piece from HUD, published last Demeber really had me enthralled. I found it through Reverse Mortgage Insight and here is the link: http://rminsight.net/blog/wp-content/uploads/2009/08/hud-szymano...
08/19/2009
The Baby Boomers started turning 62 last year (2008) and over 15 million people will turn 62 every year for the next seventeen years.  Over 84 percent of senior respondents said that they wantto stay in their home for the rest of their lives. The U.S. Department of Census estimates that by 2020, ...
08/18/2009
Another great article (there have been many lately) last week in The Connecticut Post. Here is the link: http://www.connpost.com/ci_13023237 In it, an good example of someone who could not make ends meet used a Reverse to improve their lives. It also mentions that Reverse Mortgages are only a las...
08/17/2009
Saul Friedman wrote a great article about Reverse Mortgages in Newsday a few days ago. Here is the link: http://www.newsday.com/columnists/saul-friedman/gray-matters-reverse-mortgages-are-still-safe-1.1347485 In it, he challenge Senator Claire McKaskill about her recent hearings and negative stat...
08/13/2009
AP ran a story this morning from RealtyTrac that foreclosures were higher in July than any month since foreclosures have been statistically recorded. Here is the link: http://m.apnews.com/ap/db_8559/contentdetail.htm?contentguid=ADn6wDlV Does this suprise anyone? The economy is still in the toile...
08/13/2009
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.