Seniors warned about reverse mortgages
HACKENSACK , N.J. — Senior citizens are being targeted by aggressive and exploitative marketing of reverse mortgages, according to the National Consumer Law Center.
In a new report, the law center compared some of the tactics used by the reverse mortgage industry to those used by subprime mortgage lenders a few years ago. The report accused some reverse mortgage lenders of advertising reverse mortgages as &quo...
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