Category

Old-Age Poverty

Reverse mortgages: subprime’s “stealth aftershock” that is costing elderly African-Americans their family homes Old-Age Poverty

Reverse mortgages: subprime’s “stealth aftershock” that is costing elderly African-Americans their family homes

Reverse mortgages -- complex home loans -- are aggressively marketed to elderly people, especially in African-American neighborhoods, using deceptive tactics that offer false promised to "eliminate monthly payments permanently" with "a risk-free way of being …
bubmag
June 14, 2019