Reverse Mortgage Lenders Fined for Ads That ‘Tricked’ Older Borrowers
Wade D. Pfau
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.
Carrns, Ann, "Reverse Mortgage Lenders Fined for Ads That ‘Tricked’ Older Borrowers" (2016). In the News. 1841.