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Will reverse mortgages become the new norm?

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Wade D. Pfau, a principal at McLean Asset Management, feels that reverse mortgages don’t deserve the bad press they’ve received, predicting that they will become more prevalent in the years to come.

“As the government continues to strengthen the rules and regulations forreverse mortgages, and as new research continues to pave the way with an agnostic approach about their role,” writes Pfau in a blog for the Wall Street Journal, “we may be at a tipping point in which reverse mortgages become much more predominant in the years ahead.”