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.

ARCHIVED BLOG POSTS

2009 

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 ...
12/30/2009
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
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
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Michael Pinter

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