According to a spokesman for the National Reverse Mortgage Lenders Association , borrowers have staved off foreclosure by using the proceeds of a reverse mortgage to pay down an existing mortgage. AARP and other backers of McCaskill’s legislation argue that the measure won’t prevent older homeow...
According to a spokesman for the National Reverse Mortgage Lenders Association , borrowers have staved off foreclosure by using the proceeds of a reverse mortgage to pay down an existing mortgage. AARP and other backers of McCaskill’s legislation argue that the measure won’t prevent older homeow...