http://www.bestreversemortgage.com/reverse-mortgage/could-there-be-a-mortgage-meltdown-for-seniors/ The Unofficial Guide to Reverse Mortgages Wed, 07 Jan 2009 01:56:46 +0000 http://wordpress.org/?v=2.6 http://www.bestreversemortgage.com/reverse-mortgage/could-there-be-a-mortgage-meltdown-for-seniors/#comment-2437 Jim Rocco Wed, 06 Feb 2008 05:42:47 +0000 http://www.bestreversemortgage.com/reverse-mortgage/could-there-be-a-mortgage-meltdown-for-seniors/#comment-2437 Totally ridiculous. Not everything leads to a "meltdown". Although many, many borrowers can be painfully ignorant (and just as arrogant with regards to how much they actually do supposedly "know"), more often than not, it is unwarranted intervention by state and local governments, along with the market tampering policies of the central bank (the Fed) and elitists in congress who cause such monumental crisis in the marketplace. Don't blame the salesman. Brush up on your history. You may even want to research the subject a bit before you make another blanket statement that fails to hold water... Totally ridiculous. Not everything leads to a “meltdown”. Although many, many borrowers can be painfully ignorant (and just as arrogant with regards to how much they actually do supposedly “know”), more often than not, it is unwarranted intervention by state and local governments, along with the market tampering policies of the central bank (the Fed) and elitists in congress who cause such monumental crisis in the marketplace. Don’t blame the salesman. Brush up on your history. You may even want to research the subject a bit before you make another blanket statement that fails to hold water…

]]> http://www.bestreversemortgage.com/reverse-mortgage/could-there-be-a-mortgage-meltdown-for-seniors/#comment-2154 Trace Sun, 20 Jan 2008 11:03:44 +0000 http://www.bestreversemortgage.com/reverse-mortgage/could-there-be-a-mortgage-meltdown-for-seniors/#comment-2154 I think a lot of elder people will not understand the ramifications of a reverse mortgage. They will be "awed" by the sales pitch and not know what questions to ask and the LO will know only enough to be dangerous. So I'm in agreement with it being the next meltdown. I think a lot of elder people will not understand the ramifications of a reverse mortgage. They will be “awed” by the sales pitch and not know what questions to ask and the LO will know only enough to be dangerous. So I’m in agreement with it being the next meltdown.

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