ICYMI – CFPB takes action against Reverse Mortgage Companies for Deceptive Advertising

Last week the Consumer Financial Protection Bureau (CFPB) took action against three reverse mortgage companies for deceptive advertisements, including claiming that consumers could not lose their homes. The CFPB is ordering American Advisors Group, Reverse Mortgage Solutions, and Aegean Financial to cease deceptive advertising practices, implement systems to ensure they . . . → Read More: ICYMI – CFPB takes action against Reverse Mortgage Companies for Deceptive Advertising

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Resources Regarding Reverse Mortgages for Seniors – HUD

Reverse Mortgages for Seniors

Reverse mortgages are becoming very popular. Reverse mortgages are a special type of home loan that lets a homeowner convert the equity in his/her home into cash. They can give older Americans greater financial security to supplement social security, meet unexpected medical expenses, make home improvements, and more.

Unfortunately, scam artists have charged thousands of . . . → Read More: Resources Regarding Reverse Mortgages for Seniors – HUD

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