Comments on: Industry Veteran Calls Out HUD On HECM Recourse Policy (Part 2)

By: Atare Agbamu

Atare Agbamu — Sun, 05 Jul 2009 00:32:00 +0000

I am grateful to all of you for your support. The GAO’s report to Congress on June 29th illustrates what damage ML-08-38 has done: A once unassailable HECM non-recourse claim is now suspect, even in the eyes of an agency of the federal government, just as I feared and predicted in my March 18th Op-Ed in Origination Newsrnhttp://brokeruniverse.com/originationnews/views/?story_id=130rnrnBuckets of marketing dollars from the deepest corporate pockets cannot replace the value of unconditional non-recourse guarantee that has been needlessly destroyed. It is damage control from now on. May God help us.

By: Atare Agbamu

Atare Agbamu — Sat, 04 Jul 2009 22:32:23 +0000

I am grateful to all of you for your support. The GAO's report to Congress on June 29th illustrates what damage ML-08-38 has done: A once unassailable HECM non-recourse claim is now suspect, even in the eyes of an agency of the federal government, just as I feared and predicted in my March 18th Op-Ed in Origination News
http://brokeruniverse.com/originationnews/views...

Buckets of marketing dollars from the deepest corporate pockets cannot replace the value of unconditional non-recourse guarantee that has been needlessly destroyed. It is damage control from now on. May God help us.

By: Jacqui

Jacqui — Thu, 25 Jun 2009 00:08:49 +0000

Atare says it best. This is all our fight. I hope you all do as I have and pass this on to everyone with a vested interest in this issue. We should all stand united behind Atare.
HUGE APPLAUSE!!!

By: Ron Hopkins

Ron Hopkins — Tue, 23 Jun 2009 15:35:37 +0000

Thank you for bringing to light and explaining it in a way that is understandable.

Ron Hopkins

By: timlinger

timlinger — Tue, 23 Jun 2009 06:35:22 +0000

Applause …do I hear an standing ovation?!!! How can we help Atare?

By: Louise321

Louise321 — Mon, 22 Jun 2009 20:35:07 +0000

The point about the “under-aged” spouse is well taken. Thanks Atare, for addressing the inequities inherent in the current clarification of HUD's non-recourse policy.

By: Raymond

Raymond — Mon, 22 Jun 2009 16:45:10 +0000

I applaud Atare and his efforts, and am so glad to have him around.

I purchased 3 copies of the book he authored, Think Reverse!, and gave one each to my Brother and Sister, and have been recommending it to my peers. I think that’s the best way I could help support Altare’s efforts.