06/29/2011
https://www.congress.gov...
"I cannot understand why they would pass an Anti-Predatory Lending Act in the House of Representatives and exclude the reverse mortgage program."
"the taxpayers have an interest in that piece of property being insured. They're on the hook."
"So there is no Federal oversight over the mortgage banking industry when it relates--relating to reverse mortgages?"
"They're expensive, they're complicated, and the other looming issue out there, in spite of what you see on television, this is not a government benefit."