Tag: Home Equity Conversion Mortgage (HECM)
![A glass jar full of coins and plant growing through it with some coins and plant leaves.](https://crr.bc.edu/wp-content/uploads/2022/11/financing_retirement_8-1536x1024.jpg)
The Consumer Financial Protection Bureau (CFPB), an agency created under the Dodd-Frank legislation (and whose creation I applaud), recently released a report on reverse mortgages. The report is quite negative – in my view excessively negative – and the press summaries omit any of the nuances in the original document, which make it sound even…