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Fairfield County-based business leaders were not concerned that the Dow Jones' 1,175-point drop on Feb. 5 was the harbinger of bad tidings.
“The guy who founded it is Satoshi Nakamoto,” said Neil Howe of Hedgeye Risk Management. “No one knows who he is. He may not exist at all.”
Reverse mortgages have weathered some controversy over the years, ranging from news stories regarding foreclosure cases against seniors who defaulted on the terms of their loans to a wider misperception that lenders automatically seize the property upon the death of the borrower.