In the News

Title

Reverse Mortgage Lenders Fined for Ads That ‘Tricked’ Older Borrowers

Document Type

Article

Publication Date

12-9-2016

Abstract

REVERSE mortgages, a type of home loan available to older Americans, are sometimes marketed in advertisements featuring reassuring celebrity spokesmen. But federal regulators this week reminded lenders that their pitches must also clearly disclose the loans’ risks.