Relevant:
- 10% of Reverse Mortgages In Foreclosure-- I Tried To Warn You
- Elderly Turn to Reverse Mortgages Despite Pitfalls
- New Low Cost Reverse Mortgage Product Coming in October says HUD
- Reverse mortgage firms fined $799,000 over deceptive consumer ads
- HECMs Stuck in Reverse. HUD Considers "Two Product" Solution
2010-07-12 — housingdoom.com
"I always get more nasty mail when I write about reverse mortgages than I do about anything else. (Invariably from mortgage brokers who don't like me disparaging their product.) I find so much of the advertising to be deceptive though, it concerns me. Sorry brokers- you have yet to convince me that your product has no downside."
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