Shouldn't the title to this article be:
TITLE COMPANY FRAUDS LATEST TWIST!!!!!
Here we go again… Reverse Mortgage and
FRAUD on the same line.

The media in general is always wrong. They do not verify anything, never get the story straight and are just trying to stir up controversy to get noticed. Anyone who listens to the media as an informative accurate source, deserves what they get. The media is there for one thing, entertainment.

Agreed, we need to respond quickly and by everyone. If someone can get the e-mail address for the author and post it, everyone should respond. Enough is enough! Why do all these articles keep getting posted and there is no rebuttal that gets posted in the papers that write them.

This irresponsible “jounalism” is so yellow it glows in the dark. The harm it causes is incalculable.

Totally irresponsible reporting. The RM had nothing to do with the fraud – it was title company fraud. Could have been any real estate transaction. But again, the damage is done.

I noticed that the writer of the article is fine with naming Bank of America, but why is there no mention of the name of the title company that did horrible thing to a senior?????? Always blame the bank!!

Aha,

A Dworbeller speaks. Who at NRMLA is responding? Great remarks.

Four girlfriends! He must be doing something right.

So, let me get this straight. A senior homeowner takes out a reverse mortgage. The title/escrow company doesn't pay the loan off through escrow as they are required to by law. The title of the report on the theft/fraud in the formerly estimable WSJ includes the words Reverse Mortgage, thereby creating guilt by association in the defrauding of the senior homeowner. I don't believe we are paranoid. There is definitely slanted reporting going on here. Why are we the industry whipping boys/girls? It does not seem possible that the flurry of negative reports being currently presented in the media using the name “reverse mortgage” in the titles are coincidental. After all, just because you are paranoid doesn't mean someone isn't out to get you.

The question is who would benefit from having the spotlight taken off of the practices of the mortgage industry that got us into the market debacle and current banking crisis and instead, through incorrect reporting, faulty reasoning, and innuendo placing that spotlight on the relatively small market and obscure product of HECM reverse mortgages? Does that mean that TARP money is behind this? Oh the conspiracy theorists could have a field day.

The problem is, we, as a small industry of entrepreneurs, are being unfairly tarred with the incorrect and problematic reporting, and the senior homeowners who may need the mortgage product we offer are being unnecessarily frightened from using the very product Congress created to help them. And unless Congressional leaders step up to the plate, a product that helps to supplement the insufficient amounts many seniors receive in Social Security payments and may save them from endless nightmares in the current financial crisis, will dwindle and be stamped out by the swirl of negative publicity some of our legislative leaders and governmental officials have helped to promote.

Aha,rnrnA Dworbeller speaks. Who at NRMLA is making these great remarks?

Four girlfriends! He must be doing something right.

So, let me get this straight. A senior homeowner takes out a reverse mortgage. The title/escrow company doesn’t pay the loan off through escrow as they are required to by law. The title of the report on the theft/fraud in the formerly estimable WSJ includes the words Reverse Mortgage, thereby creating guilt by association in the defrauding of the senior homeowner. I don’t believe we are paranoid. There is definitely slanted reporting going on here. Why are we the industry whipping boys/girls? It does not seem possible that the flurry of negative reports being currently presented in the media using the name “reverse mortgage” in the titles are coincidental. After all, just because you are paranoid doesn’t mean someone isn’t out to get you. rnrnThe question is who would benefit from having the spotlight taken off of the practices of the mortgage industry that got us into the market debacle and current banking crisis and instead, through incorrect reporting, faulty reasoning, and innuendo placing that spotlight on the relatively small market and obscure product of HECM reverse mortgages? Does that mean that TARP money is behind this? Oh the conspiracy theorists could have a field day. rnrnThe problem is, we, as a small industry of entrepreneurs, are being unfairly tarred with the incorrect and problematic reporting, and the senior homeowners who may need the mortgage product we offer are being unnecessarily frightened from using the very product Congress created to help them. And unless Congressional leaders step up to the plate, a product that helps to supplement the insufficient amounts many seniors receive in Social Security payments and may save them from endless nightmares in the current financial crisis, will dwindle and be stamped out by the swirl of negative publicity some of our legislative leaders and government officials have helped to promote.

this is crazy stuff. the title company not paying BOA? evidently BOA was not the reverse lender. this does not sound real. yes title insurance. closing protection letter. what reverse lender would allow such wrong-doing? I would like to know. very odd. and yes it is the title company, but again what reverse lender would let this go unheeded? does not make any sense. WSJ is surely down in the mud with this.