Recent content by dbdaw_IHB

My guess is that you are right and the equilibrium point will come sooner. I also agree with Girl in OC that we probably still have a long way to go. However, my opinion is that trying to time the market precisely should not be the goal. Instead, make a purchase timing decision using any...

?The more prices drop, the more common the practice will become?. Personally I believe this is what the feds really fear. What will Irvine neighbor "A" do when he is upside down $200K and neighbor"B" is renting the same floor plan for $2-3k/month less than "A's" resetting mortgage...

Whether it is right/wrong to walk from a house when you can afford the payments is immaterial - what is important is whether this becomes a common practice and the impact of this activity on the housing market.

Almon, The money in the credit line growth account is an accounting entry ? it is not invested in any security. The loan as well as the growth in the credit line account is secured by the property, Please be advised that reverse mortgages lend only about 55-65% of the lesser of 1)...

I am a broker that specializes in the reverse mortgage industry. My company funded 350 reverse mortgage loans in Southern CA in 2007, zero 'traditional' mortgages (what we call forward mortgages). I wanted to make a key point about reverse mortgages as there are many misconceptions about them...