Talk of The Villages Florida - View Single Post - Reverse Car Loan vs. Reverse Mortgage
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Old 02-19-2021, 10:18 AM
DAVES DAVES is offline
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Quote:
Originally Posted by Jayhawk View Post
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.

Foolish perhaps but in my view happiness is separating things you can do something about from those you cannot and only concern yourself with things you can do something about. My cholesterol count is low. My wife, sits there screaming in foul
language at the TV and radio. She is on meds and still has high cholesterol.