I included this bit of information because it's important to learn about the different strategies that banks use. I personally never liked this bank strategy because it always made me feel that somehow banks were in a stronger position although making the senior who actually is in possession of a reverse mortgage feel like they had something of value. But check it out for yourself.
http://realestate.bryanellis.com/3918/bank-of-america-exits-reverse-mortgage-market/#comment-25709
http://realestate.bryanellis.com/3918/bank-of-america-exits-reverse-mortgage-market/#comment-25709
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