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You’ve probably seen them on late night cable TV channels: Older celebrities advising seniors to seriously consider reverse mortgages as a product that will ease financial worries in their retirement years. But the U.S. Consumer Financial Protection...

CFPB Issues Advisory Warning Consumers Not To Be Deceived Today the Consumer Financial Protection Bureau (CFPB) released results of a focus group study on reverse mortgage advertisements that found many participants were left with misimpressions about...

Last year, Consumerist reported on why you shouldn’t run out to sign up for a reverse mortgage just because Fred Thompson or other paid spokespeople opine about the benefits in national advertising campaigns. Today, the Consumer Financial Protection...

If you took out a reverse mortgage without adding your spouse to the documents, do you know what could happen with the property after you die? Did you know you could lose the house if you forgo maintenance or get behind on property taxes? Are you under...

You’ve seen them on TV and heard them on the radio. They may be yesterday’s screen stars, but they’re today’s pitchmen for one of the hottest financial products that baby boomers of a certain age and financial circumstance want...