Faculty Publications

Title

The CFPB is Wrong about Reverse Mortgages

Document Type

Article

Publication Date

12-18-2017

Abstract

In the first edition of my book, Reverse Mortgages: How to Use Reverse Mortgages to Secure Your Retirement, I did not analyze using a reverse mortgage to support the short-term costs of delaying Social Security. But a faulty report issued by the Consumer Financial Protection Bureau (CFPB) in August 2017 claimed that using a reverse mortgage to delay Social Security is a bad idea.