Mortgage

Reverse mortgages touted as a savings tool, but risks remain

“Reverse mortgages were designed to help senior homeowners age in place. While they accomplish that goal for thousands of people today, there’s also a big picture benefit to the reverse mortgage program as a whole – it saves government money on entitlement programs such as Supplemental Security income and Medicaid,” reports Michael Branson with SeniorJournal.com.

But the risks stemming from these loan products is still a subject of much debate.

Michael De Groote with Deseret News takes a more pros-and-cons approach in his report on reverse mortgages.

 

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Spouse of Quicken Loans executive sues AIME’s Anthony Casa for defamation

Theresa Niemiec, wife of Quicken Loans Executive Vice President Austin Niemiec, has filed a defamation lawsuit against Anthony Casa, CEO of the Association of Independent Mortgage Experts, for comments he made about her in a video message that he filmed and sent to her husband and others in the mortgage industry.

Jul 12, 2020 By
3d rendering of a row of luxury townhouses along a street

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