AgentMortgage

Fraud scars image of reverse mortgages

Why are so many ignoring the positives?
Published on Aug 19, 2009

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by CareyBot

Comparing every loan's shortcoming -- real or perceived -- to a "subprime" product needs to stop.

For example, U.S. Comptroller of the Currency John Dugan made an astonishing remark in a prepared statement recently in Orlando: "Consumer compliance risks with reverse mortgages are real, and indeed, I am struck by some of the similarities to the risks of subprime mortgages."

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