Reverse Mortgage Media Frenzy Takes Off, AARP On Borrower Evictions

NewImage.jpg Reverse Fortunes Weekly Podcast Episode #229

A New York Times article published last week has sent a flurry of reverse mortgage headlines swirling as the “pendulum” swings toward negative media on reverse mortgages. Reverse Fortunes’ latest podcast takes a look at the headlines, as well as the content of the Times article.

Reverse Fortunes’ Shannon Hicks also talks about AARP’s response to the article, a statement that rehashes the issues under discussion in a lawsuit filed by AARP against HUD regarding the non-borrowing spouses of reverse mortgage holders. Additionally, Hicks looks into a recent statement by Knight Capital CEO about Urban Financial Group’s reverse mortgage performance among heavy losses during the quarter.

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Talking Points:

  • Pendulum Swing: Media goes negative on reverse mortgages
  • Pointing the finger: AARP says reverse evictions violate terms
  • Shining star- Urban is bright spot in dark financial quarter
  • Umbrella of protection: Lenders may find some with CFPB

Listen now. “Reverse Fortunes is the ultimate resource for reverse mortgage professionals providing the technology, training and marketing to grow your business. We are your one-stop resource for those committed to taking their business to the next level.” Editor’s Note: These posts are sponsored by Reverse Fortunes.

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