Relevant:
- Proposed guidelines for reverse mortgages spell out potential pitfalls for homeowners
- What Happened to the $2.6 Trillion Social Security Trust Fund?
- Feds Reneged on Loan Promises, Reverse-Mortgage Lawsuit Claims
- Harvey Costs Seen at Catastrophic Levels With Many Uninsured
- Social Security deficits now ‘permanent'
2010-01-27 — baltimoresun.com
"According to HUD, the Baltimore County company suggested that the FHA's reverse mortgage was similar to a government benefits program such as Social Security, rather than a government insurance program that allows seniors to use the equity they built up in their homes. The federal agency also said the company used a facsimile of HUD's seal and a Washington post office box in ads to imply that it had been endorsed by the federal government, rather than simply authorized to lend FHA products."
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