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This case points to pitfalls in reverse mortgages – Contending that seniors were misled into a false sense of security, the government’s consumer watchdog this week slapped fines and sanctions on three reverse mortgage lenders. Court’s resources to.
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HUD Sued by AARP Over Reverse Mortgage Rule Change – The three litigants, who reside in Indiana, New York, and Maryland, are all 69 to 79 years of age and of "modest means." For various reasons and in one case what appears to be lender error none were.
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