reverse mortgage press: Nice Reverse Mortgage Piece on Marketwatch - 06/29/10 05:56 PM
It is always good to see or read fair and balanced media portrayals about Reverse Mortgages. Unfortunately there are not enough. Yesterday, Amy Hoak wrote a very fair article in Marketwatch about Reverse Mortgages. It is a worthwhile read. Here is the link to it:
http://www.marketwatch.com/story/reverse-mortgages-now-a-less-costly-lifeline-2010-06-28
 
… (3 comments)

reverse mortgage press: An upsetting piece on Reverse Mortgages in US News & World Report - 08/25/08 09:18 AM
Emily Brandon wrote a piece on Reverse Mortgages in the online US. News & World report on August 18th. As media pieces go it is pretty good. No errors or specifically negative remarks about the product. 
However, the article is generally negatively slanted towards Reverse Mortgages and under the headline, there are the words "Most seniors should be cautious" What's that about? I'm guessing plenty of people reading the article didn't even get past that line. Take a look at the article yourself.
http://www.usnews.com/articles/business/retirement/2008/08/18/how-the-housing-law-affects-reverse-mortgages.html?PageNr=2
 
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reverse mortgage press: No other financial product has the satisfaction rate that Reverse Mortgages do - 08/21/08 09:09 AM
All surveys of Reverse Mortgage borrowers show an above 90% satisfaction rate. The most recent survey conducted by AARP had the number at 93%
Most financial products and institutions such as banks, investment banks and even forward mortgage lenders have pretty low satisfaction ratings. Banks are one of the most complined about industry in the country.
The fact that an overwhelming majority of people who have taken a Reverse Mortgage are happy, should be noted by all of the reporters and writers who bash the product under the guise of producing an unbiased piece.
93% is unheard of in almost any … (4 comments)

reverse mortgage press: No other financial product has as many satisfied clients as Reverse Mortgages do - 08/21/08 09:03 AM
All surveys of Reverse Mortgage borrowers show an above 90% satisfaction rate. The most recent survey conducted by AARP had the number at 93%
Most financial products and institutions such as banks, investment banks and even forward mortgage lenders have pretty low satisfaction ratings. Banks are one of the most complined about industry in the country.
The fact that an overwhelming majority of people who have taken a Reverse Mortgage are happy, should be noted by all of the reporters and writers who bash the product under the guise of producing an unbiased piece.
93% is unheard of in almost any … (0 comments)

reverse mortgage press: It looks like the Government is finally getting it together - 07/25/08 07:27 AM
The Housing/Foreclosure bill passed the house yesterday and will probably pass the Senate today. it will then go to the Whote House for approval. It contains many good changes for Reverse Mortgages. I am not sure how the final bill will look but at the very least the follwing things should be included:
A larger limit, probably $417,000 with it possibly going a shigh as $625,000 9maybe limited to certain areas)
Reverse Mortgages for Purchases and for Co-ops
Limits on origination fees and the cross-selling of financial products
These are all great things that will help the industry in many ways. Hopefully, the lat … (4 comments)

reverse mortgage press: Better Press for Reverse Mortgages - 05/22/08 01:58 PM
I have noticed that (finally) there are efforts being made to create better press for Reverse Mortgages.
This has been a long time comng as most of the press and media attention is negative. The main reasons for this, as I see it, are that most people in teh media don't understand teh product at all 9It took me a while to get my head around it) and that the few bad apples who screw over their clients get the most attention because of the problems they cause.
Hopefully the new efforts will pay off. I know I will do as … (0 comments)

 
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Michael Pinter

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