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Reverse Mortgage Info Knowledgebase » Listing Details |
| ID: | 18 |
| Title: | There’s No Place Like Home: The Implications of Reverse Mortgages on Seniors in California - http://www.consumersunion.org/finance/revinfowc899.htm |
| Pagerank: | 5 |
| Description: | This report sets out recommendations to improve consumer protections in the reverse mortgage industry. These recommendations call for both substantive limitations on the terms of reverse mortgages and stronger consumer education and reverse mortgage counseling services. This report builds on Consumers Union's research and advocacy work presented in two previous reports-Dirty Deeds: Abuses and Fraudulent Practices in California's Home Equity Market (October 1995) and The Hard Sell: Combating Home Equity Lending Fraud in California (July 1998). Those reports explored fraudulent and abusive practices in the home equity lending industry more generally, including practices targeted at seniors. This report focuses on reverse mortgages as a unique home equity conversion product marketed specifically to seniors. |
| Category: | Consumer Information: Government and Non-Profit Materials |
| Link Owner: | Consumers Union of U.S., Inc. |
| Date Added: | December 21, 2006 03:08:20 AM |
| Number Hits: | 2 |
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