Some people are obsessed and haven't got a clue how the real world works. They haven't ever heard that Fannie Mae (quasi-governmental entity) suffers billions in losses every year, or on FHA loans that had as little as 3.5% down payment (government program). They don't know that the government pays out way more reimbursement for defaulted Veterans Administration loans (due to 100% financing in most cases) than they do for HECM reverse mortgages. Maybe the uninformed can rag on the Veterans and FHA lenders now. It seems to be sport for 4 or 5 posters here.
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