Rising tide of mortgage claims

In this report: Overview; A different kind of debt; 'Wake up to a whole new life!'; One couple's story; Taxpayers are on the hook; Rosy scenarios are misleading; Selling more than loans; The coming storm; Rising tide of mortgage claims; Counseling is inadequate; Need cash?

Rising tide of mortgage claims

Last reviewed: September 2009

This article appeared in
September 2009 Consumer Reports Magazine.

The dollar amount of claims against the federally run insurance fund for reverse mortgages has risen dramatically in the past few years, according to FHA data.

Rising tide of mortgage claims

Consumer Reports magazine: September 2009