I’d like to see Fred doing more than he’s doing...that’s for sure. Plus, I’d like for him to STOP doing those stupid commercials for REVERSE mortgages. He’s losing some major credibility due to those ads.
With that said... it’s hard for me to comprehend why he didn’t get more support during his bid for the Presidency.
I’m a loan officer with a Federally Chartered Bank who does mortgages in all 50 states and DC. What’s wrong with seniors over 62 years of age taking out a portion of their equity to use as they see fit? With a reverse mortgage they have no further payments and get to keep the home until the passing away of both borrowers (in the case of a couple). No loan product is beneficial for everyone, but many older people have limited retirement income.