Items Tagged with 'Seattle Mortgage'

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  • Curious Speculation on Reverse Mortgage Exits

    Reporting in The Washington Post, contributor Tom Kelly suggests that recent exits from the reverse mortgage market by Financial Freedom, Bank of America and Seattle Mortgage are the result of the new compensation rules.  He states that it is "curious how companies promote the launch of a new product or program but do little to inform consumers when it is no longer available."   His comment is somewhat "curious" as it suggests a lack of understanding of business operations.  Companies generally do not initiate large scale public relations campaigns on reductions in their operations unless necessary to respond to
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