Is there an aggressive program in HUD when you determine that there has been a fraudulent appraisal that you all go back...
Reverse mortgages really need to be handled differently.
But there's very little regulation over proprietary reverse mortgages compared to others.
Because----
So that's something that we need to follow up on.
We're not going to take testimony from the crowd.
But not by mortgage bankers?
HECMs are an increasingly popular way for seniors to access equity in their homes.
If we aren't getting good appraisals, we have fraud. If we aren't getting good counseling, we're going to have people th...
I'm not a dumb person. I'm pretty smart. I've got a law degree.
This hearing isn't about saying that every reverse mortgage is bad.
Is it a fair assumption to say that we're on track to double the number of reverse mortgages that are under the HECM Pro...
Well, why aren't proprietary--then why aren't there proprietary loans being made now----
The risk associated with Fannie Mae is the taxpayers' risk.
This is not a town hall. This is not a forum for Senator Claire McCaskill.
OK. I thank all three of you for your testimony this morning.
So the way I understand it, there used to be some predictability in terms of the lock-in of the rate and now this rate i...
How are these straw buyers being recruited, and what are they being told? Have some of these cases been prosecuted?
