Recently I published a question on reverse mortgages. Here is some additional information that was just published.
The popularity of reverse mortgages -- once seen as a resource for seniors despite their high fees -- is declining. The National Consumer Law Center released a report Tuesday highlighting potential problems posed by "aggressive reverse mortgage lenders who target the home equity of vulnerable seniors." With aggressive marketing, 115,000 reverse mortgages were issued last year, up from a few thousand in 2000. Forbes (10/6) , Bloomberg
Larry Kopsa CPA
