Relevant:
- Reverse Mortgage Foreclosures On The Rise, Seniors Targeted For Scams
- Reverse Mortgages: Seniors Now Expected to Pay Taxes and Insurance
- Senate Field Hearing Explores Reverse Mortgage Scams
- Reverse mortgage firms fined $799,000 over deceptive consumer ads
- Reverse Mortgages in a Housing Downturn: Interview With Brian Kazan
2012-07-28 — huffingtonpost.com
Reverse mortgages, a lifeline for seniors struggling to pay bills in allowing them to turn home equity into cash, are entering into foreclosure at an "alarming" rate, Consumer Financial Protection Bureau Director Richard Cordray said Wednesday.
One out of every 10 seniors with a reverse mortgage is in default or foreclosure, Cordray said in a
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