Currently, Timothy A. Isgro is Chief Investment Officer for Reverse Mortgage Investment Trust, Inc. He previously occupied the position of Director & Portfolio Manager at The PNC Financial Services Group, Inc. and Strategist for Merrill Lynch, Pierce, Fenner & Smith, Inc. He received an undergraduate degree and a graduate degree from The Cooper Union for the Advancement of Science & Art and a doctorate from the University of Illinois.
If they did so, and longer-term mortgage rates followed suit, that would make home-buying more difficult, as buyers contend with higher potential mortgage payments, lowering their home purchase budgets.
Raising rates risks choking off the rebounding economy.
Reverse Mortgage Investment Trust CFO Tim Isgro describes how various changes handed down to the reverse mortgage program in recent years has affected the strength of the industry, and the confidence of investors.