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Reverse Mortgages Are Very Risky For Borrowers - New Consumers Union Report

Considering the growth of the reverse mortgage market, worries are building that too many elderly home owners are being tricked into these real estate transactions. A report published by Consumers Union recently is recommending tighter controls for this part of the mortgage and loan industry. “Reverse mortgages are a very risky deal for borrowers who [...]

December 13 2010 | Posted in Finance, Uncategorized | Read More »