In the News

Title

Retirees Don’t Take Reverse Mortgages Seriously, CFPB ‘Racket’ on Blast

Document Type

Article

Publication Date

5-2-2016

Abstract

In this week’s Reverse Focus podcast, Shannon Hicks discusses why U.S. workers are not seriously considering reverse mortgages for retirement. One reason is that a large portion of both retirees and pre-retirees not only lack knowledge of reverse mortgages, but they also don’t consider the use of home equity in retirement, according to a recent survey from The American College this past week.