Monthly Archives: October 2009

Carolyn Said, Chronicle Staff Writer Reverse mortgages, which let seniors cash out home equity, have the potential to spawn another subprime-style financial crisis, according to a report released Tuesday. “We’re seeing some of the same types of abuses that… Read … Continue reading →

45% of all HECM endorsements were from lenders who did 1 loan. Yes, that is correct… the largest segment of loan originating is coming from lenders who do 1 loan a month. Two years ago, lenders originating 1 loan a … Continue reading →