"Is it a fair assumption to say that we're on track to double the number of reverse mortgages that are under the HECM Program this year as opposed to last year?"
"This hearing isn't about saying that every reverse mortgage is bad."
"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 is now floating, is that correct?"
"There is a great motivation on the part of the government to make sure that the tax--not just the taxes are paid but clearly the insurance is paid."
"That troubles me because these appraisers are supposed to be HUD-certified."
"If the money is not there, the taxpayers pay."
"How are these straw buyers being recruited, and what are they being told? Have some of these cases been prosecuted?"
"Thank you very much, Ms. Jaedicke."
"Let's make sure everybody understands what cross-selling is."
"We estimated there was a 110,000 of these loans last year."
"It's a violation of our Code of Ethics and Professional Responsibility."