CFPB Seeks Info on Reverse Mortgages

June 28, 2012

The CFPB is seeking feedback on the factors most important to consumers when they are considering a reverse mortgage, the way consumers use reverse mortgage proceeds, the longer-term outcomes of reverse mortgage borrowers, and certain practices that may differ depending on the type of business that is offering the reverse mortgage. Read on for details about the request for information, as well as results from a study on reverse mortgages.

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