Reverse mortgages are not the next subprime
By Jack Guttentag
Saturday, January 23, 2010

"..... reverse-mortgage borrowers assume no repayment obligation at all. Their only obligations are to maintain their property and pay their property taxes, which they have to do as owners whether they take out a reverse mortgage or not. They cannot default on their mortgage because the obligation to make payments under an HECM is the lender's, not the borrower's. There are no reverse-mortgage foreclosures."
(The Washington Post... click to read entire article)