Reverse Home mortgages have the potential to be very useful tools for retirees looking to access their home equity, or a huge source of financial stress. Although Hurricane Debbie rained out a field meeting Wednesday in Tampa, the Consumer Financial Protection Bureau held a conference call discussing the benefits and pitfalls of reverse mortgages.
CFPB is an agency formed in 2011 to educate consumers when making financial decisions and protect against fraud and predatory lending practices.
This article appears in Jun 28 – Jul 4, 2012.