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Loan Modification

: Mortgage Lender Implode-o-Meter

Debate on Reverse-Mortgage Risks Heats Up

By Implode-Explode Heavy Industries

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"The call for increased oversight comes as the market for reverse mortgages is poised for expansion as the baby-boom generation retires. Meanwhile, lenders are aggressively marketing reverse mortgages, tapping celebrities such as actor and former U.S. Sen. Fred Thompson as spokesmen and holding seminars at senior centers to sell the loans."

Full post as published by Mortgage Lender Implode-o-Meter on December 15, 2010 (boomark / email).

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