Tag Archives: Reverse Mortgage Advertisements

The Consumer Financial Protection Bureau (CFPB) issued a warning to consumers today about the misleading effects of reverse mortgage advertisements. The Bureau released results of a focus group study on reverse mortgage advertisements and found that many participants were left confused about the product. The study found that after viewing the ads, consumers did not understand that reverse mortgages were actual loans. Instead, they were left under the false impression that reverse mortgages are government-issued program that would help consumers stay in their home for the rest of their lives.

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