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Snapshot of reverse mortgage complaints December 2011

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A closer look at reverse mortgage advertisements and ...

Reverse mortgage advertisements, which are marketed to older homeowners, are found across many of the major media channels in the United States, including television, radio, print, and internet.
https://files.consumerfinance.gov/f/201506_cfpb_a-closer-look-at...

CFPB Report Snapshot Reverse Mortgage …

This Snapshot provides an overview of consumer complaints submitted to the CFPB involving reverse mortgages from December 2011 through December 2014. 4 From December 1, 2011 through December 31, 2014, CFPB handled approximately 1,200 reverse mortgage complaints. Reverse mortgage complaints comprise about 1 percent of all mortgage complaints, regardless of age, submitted to the …
https://www.scribd.com/document/294040121/CFPB-Report-Snapshot-Reverse-Mortgage...

[Updated] CFPB Report Reveals Top Reverse …

The Snapshot provides an overview of consumer complaints submitted to the agency involving reverse mortgages from December 2011 through December 2014, a period during which the agency handled approximately 1,200 complaints regarding reverse mortgages.
https://reversemortgagedaily.com/.../cfpb-report-reveals-top-reverse-mortgage-complaints

Snapshot of reverse mortgage complaints

1200 reverse mortgage complaints submitted to the CFPB. Multiple staff reviewed the complaints to ensure consistency in the analysis. 5 Regardless of the age of the complainant, all reverse mortgages …
https://files.consumerfinance.gov/f/201502_cfpb_report_snapshot...

Consumer advisory: Three steps you should take if …

12/02/2015 · The Consumer Finance Protection Bureau (CFPB) has issued an advisory for persons aged 62 and older who have taken out a reverse mortgages. The advisory comes on the heels of publishing its Snapshot of reverse mortgage complaints December 2011December 2014.
https://avirani.wordpress.com/2015/02/12/consumer-advisory-three-steps-you-should-take...

Reverse-Mortgage Risks - forbes.com

08/05/2019 · First, their “Snapshot of Reverse Mortgage Complaints: December 2011December 2014” was released in February 2015. It notes that for the three-year period investigated, reverse-mortgage ...
https://www.forbes.com/sites/wadepfau/2019/05/08/reverse-mortgage-risks

Forbes: Defining the Risks of a Reverse Mortgage - …

“For the three-year period investigated, reverse-mortgage complaints represent about 1 percent of the mortgage complaints received by the CFPB and that the reverse-mortgage market size is about 1 percent of the total mortgage market,” Pfau writes.
https://reversemortgagedaily.com/2019/05/09/forbes-defining-the-risks-of-a-reverse...

CFPB published its “Snapshot of reverse mortgage ...

09/02/2015 · The Consumer Finance Protection Bureau (CFPB) published today its “Snapshot of reverse mortgage complaintsDecember 2001 – December 2014“.
https://avirani.wordpress.com/2015/02/09/cfpb-published-its-snapshot-of-reverse...

Snapshot of reverse mortgage complaints …

Reverse mortgages are a special type of loan that allows homeowners, 62 and older, to borrow against the accrued equity in their homes. Reverse mortgages can help some older homeowners meet financial needs, but they can jeopardize retirement security if not used carefully.
https://www.consumerfinance.gov/data-research/research-reports/snapshot-of-reverse...

CFPB Report Highlights Consumer Frustration …

Reverse mortgage complaints comprised about 1 percent of all mortgage complaints, by all ages, during this timeframe. And while reverse mortgages are only available to people over the age of 62, only about 42 percent of the complaints were from consumers who described themselves as 62 or older. The remaining consumers likely included the younger spouses or family members of borrowers.
https://www.consumerfinance.gov/about-us/newsroom/cfpb-report-highlights-consumer...