Jarred Kessler is the CEO of EasyKnock. A consummate professional, Jarred brings a wealth of knowledge to EasyKnock through his high-level executive management and strategic operation skills garnered from his time with companies such as Credit Suisse, Morgan Stanley and Goldman Sachs.
[Expert commentary] Societal views have conditioned us to look at buying a home as an investment. Putting money into a mortgage is much better than throwing it away on rent, right? Maybe not so much these days.
For anyone actively working in the mortgage industry, it’s no secret that reverse mortgages have taken a brutal hit in the last two years. The U.S. Department of Housing and Urban Development issued major program changes at the end of 2017 that effectively limited the amount of proceeds and the number of people who could qualify for the loan. The result had lenders across the space enduring sizable volume drops and subsequent gashes to their bottom lines.