Besides the fact that I have a thing for CNBC’s Erin Burnett, I thought I should mention that today she interviewed Barbara Corcoran, an NBC real estate contributor who just released her new book Nextville: Amazing Places to Live the Rest of Your Life. The book discusses where baby boomers might think about spending their retirement and how to make it more enjoyable. When the interview started I wasn’t expecting reverse mortgages to be brought up but I was wrong.
I’ve heard from RMD readers that reverse mortgages have been beaten up pretty bad on CNBC over the last few months so I’m glad to see that Burnett brings up all of the negative press the industry has received lately. She asks Corcoran what she thinks of reverse mortgages and Corcoran said, “They get a bad rap but a lot of people should consider a reverse money mortgage”. Amen Ms. Corcoran… I forgive you for saying “reverse money mortgage” too. She talks more about reverse mortgages in the interview which you can see by clicking the link below. Good to see a few positive things being said about our industry on CNBC.