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Real Estate & Property Law

: Housing Wire

Industry Warns Senate on Reverse Mortgages

By DIANA GOLOBAY

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The US Senate Special Committee on Aging heard testimony today regarding the benefits — and potential drawbacks — to reverse products available to seniors. Reverse mortgages give senior homeowners access to the equity built up in their homes. The most common reverse mortgage product is guaranteed through the Federal Housing Administration, requires no monthly payment of [...]

Full post as published by Housing Wire on June 29, 2009 (boomark / email).

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