AARP: Lenders abuse reverse mortgage sales; Firms then push LTC, annuities to borrowers.(News)
Byline: Charles Paikert Reverse-mortgage lenders may be depleting the home equity of borrowers by offering inappropriate financial products, according to a report issued last month by AARP. Nine percent of borrowers surveyed by the association said lenders had offered them financial products such

Publication: Investment News

Prime Time For Reverse Mortgages; Senior Borrowers Setting a Record
Baby boomers aren't the only ones jumping on record low mortgage rates and high home values to finance their dreams. Older homeowners dreaming of ways to stay in a home and draw on its value for living expenses, health care or home improvements are also getting in on the action, according to a

Publication: The Washington Post

AARP PRESENTS SEN. MCCASKILL WITH AWARD FOR WORK ON REVERSE MORTGAGES
The office of Sen. Claire McCaskill, D-Mo., has issued the following news release: U.S. Senator Claire McCaskill today accepted a national award presented by AARP for her legislative work to protect senior citizens from aggressive marketing and predatory lending in the rapidly growing reverse

Publication: US Fed News Service, Including US State News

What if a senior without much cash could get a loan against the equity in her home that would help her with expenses? It might be called a ... REVERSE MORTGAGE; "It creates a situation where their house is the only other asset to tap to maintain their independence." Bronwyn Belling, a reverse-mortgage specialist for the AARP Foundation.(HOMES)
Byline: Susan E. Petersonl Staff Writer For the past eight years, Rusty Karpiak has been living on a monthly disability check, her savings and a credit card, a strategy that has saddled her with more than $25,000 in credit card debt. I have so little money coming in - $572 a month from Social

Publication: Star Tribune (Minneapolis, MN)

Reverse mortgages help seniors move forward // Borrowers tap homes for needed cash
In 1993, John Church was facing mounting medical bills and unpaid taxes. His retirement savings were nonexistent after the company he worked for went belly up. The 69-year-old engineer from Waterford Township, Mich., made a decision. He would seek a reverse mortgage. With it, Church immediately

Publication: Chicago Sun-Times

Rising home values boost reverse mortgages
Rising home values boost reverse mortgages Financing option becomes more popular with seniors By SANDRA FLEISHMAN Washington Post Sunday, September 15, 2002 Baby boomers aren't the only ones jumping on record low mortgage rates and high home values to finance their dreams. Older homeowners dreaming

Publication: The Milwaukee Journal Sentinel