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Home » Store » News » Equity-Rich Seniors are Prime Target for Ex-Subprime Players

Equity-Rich Seniors are Prime Target for Ex-Subprime Players

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Consumer advocates are calling for stronger measures to protect seniors and prevent the reverse mortgage market from becoming another financial bust. Aggressive lending practices that were common during the subprime market boom are now being used to lure cash-strapped, equity-rich seniors to take out reverse mortgages, and regulators and Congress need to step in before things get out...
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