06/09/2009
https://www.congress.gov...
"But there's very little regulation over proprietary reverse mortgages compared to others."
"Reverse mortgages really need to be handled differently."
"Is there an aggressive program in HUD when you determine that there has been a fraudulent appraisal that you all go back and pull all the appraisals done by that individual and look/examine all of tho..."
"So what the bank doesn't want to do because it feels risky, they're more than happy to do when the taxpayers are on the line."