2012-10-20 — creditslips.org
``...persons contemplating a reverse mortgage often have liquidity constraints that create pressure to agree to the reverse mortgage. Some of the same players in the subprime lending market have moved into reverse mortgages, leading to complaints from consumer advocates that were similar to the complaints about subprime lending. Reports of high fees and financial products inappropriate for the consumer are becoming more and more frequent in the reverse mortgage industry, which seems poised to become the next big consumer lending problem area.''
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