Brief Background: BS-Aeronautics (St. Louis University); MBA (Pepperdine University); 30 years employed at Lockheed Aircraft Company; 30 years part time instructor at Ventura College (accounting and business management); 5 years as a Real estate mortgage advisor; 20 years retail real estate; real estate investing; Veteran (USMC); involved in both community and church activities. Hobbies include cooking, walking, reading, fishing, baseball, talking, meeting people, improving my knowledge and health.
Service Areas: Ventura, Camarillo, Somis, Port Hueneme, Santa Paula, Fillmore, Oxnard, Ojai, El Rio, Bardsdale, Westlake Village
Posted on July 11, 2016 - 09:09 AM
by John Duffner
First a little history. In 1988 President Ronald Reagan signed into law authorizing the Federal Housing Administration (FHA) to insure reverse mortgages. However the very first reverse mortgage was issued in 1961 by a Savings and Loans company in Portl...