In the News


CNBC: Reverse Mortgages Aren’t for the “Stupid”

Document Type


Publication Date



Continuing its recent string of positive reporting on reverse mortgages, CNBC posted an article summarizing the new thinking behind Home Equity Conversion Mortgages last week — with the added caveat that the products aren’t for the “stupid.”

“You don’t have to be old, poor, and stupid to get a reverse mortgage,” the piece by CNBC reporter Andrew Osterland begins, before summarizing the reasons why the products earned such a reputation in the first place: cheesy television ads, unscrupulous brokers, and unwise borrower behavior.