Political Quotes

Alfonse D'Amato: “That is absolutely correct. Questions asked should include: has the prospective reverse mortgage recipient made or…”

On the recordApril 25, 1997
That is absolutely correct. Questions asked should include: has the prospective reverse mortgage recipient made or signed any agreement or contract authorizing any fees to a third party? Does the homeowner have the intention to or made any commitments to a third party to use the reverse mortgage proceeds to purchase any annuities, life insurance policies, or for other investment purposes? Has the homeowner been referred to the HUD-approved housing counseling agency or FHA-approved lender by a third party broker?
Said by
Alfonse D'Amato

Editor's note · Context

Discussing questions regarding reverse mortgage recipients and third-party involvement.

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