Dark Side of Reverse Mortgage Industry: Predatory Lending Hits Seniors
USA Today, June 13, 2019 (Editorial)
The editorial asserts while the concept of allowing seniors to unlock the wealth they have in their homes is sound, the reality is that reverse mortgages add complexity and risk at a time in people’s lives when they should be reducing both. “When so many such loans are going into default, it’s a clear sign that something is amiss.”
