Comments on: Governing Reverse Mortgages http://reversemortgagedaily.com/2009/03/25/governing-reverse-mortgages/ Reverse Mortgage News and Information Fri, 10 Feb 2012 19:11:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Treverse http://reversemortgagedaily.com/2009/03/25/governing-reverse-mortgages/comment-page-1/#comment-21932 Treverse Thu, 26 Mar 2009 15:19:07 +0000 http://reversemortgagedaily.com/2009/03/25/governing-reverse-mortgages/#comment-21932 The critic brings up some really good points. The best one being financial transparency. I would love to have a break down of every penny collected in premiums since the inception of the HECM program compared to the payouts. And what an ambiguous quote by Leslie Bromer " alot of loans have been assigned to FHA " Alot compared to what? I believe this is why it's called insurance. Show us the money! Let's have some actual figures! I do have to give Joanne Kuczma alot of credit for her honesty "and we manage by crisis". This kind of sums it all up! The critic brings up some really good points. The best one being financial transparency.

I would love to have a break down of every penny collected in premiums since the inception of the HECM program compared to the payouts.

And what an ambiguous quote by Leslie Bromer ” alot of loans have been assigned to FHA ” Alot compared to what? I believe this is why it’s called insurance.
Show us the money! Let’s have some actual figures!

I do have to give Joanne Kuczma alot of credit for her honesty “and we manage by crisis”. This kind of sums it all up!

]]> By: Raymond http://reversemortgagedaily.com/2009/03/25/governing-reverse-mortgages/comment-page-1/#comment-21887 Raymond Thu, 26 Mar 2009 01:12:58 +0000 http://reversemortgagedaily.com/2009/03/25/governing-reverse-mortgages/#comment-21887 HUD has collected way way way more in insurance premiums then they've paid out. From what I've read, it's in the Billions. Since the amount they've collected is so much more then they've paid out, they should be concentrating on reducing the insurance premium, just like they've reduced the origination fee. All of us should be thinking in the best interest of the Senior. HUD has collected way way way more in insurance premiums then they’ve paid out. From what I’ve read, it’s in the Billions. Since the amount they’ve collected is so much more then they’ve paid out, they should be concentrating on reducing the insurance premium, just like they’ve reduced the origination fee. All of us should be thinking in the best interest of the Senior.

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