a reverse mortgage. AAG’s actions were deceptive because they would lead a reasonable consumer to believe that the consumer could reap more proceeds from the reverse mortgage than were...
16 2.1 Reverse Mortgage Product Development. 17 2.2 The HECM Program. 18 2.3 HECM Program Requirements & Consumer Protections. 20 2.4 Key Product Decisions for the Prospective Borrower. 23...
– Today the Consumer Financial Protection Bureau (CFPB) took action against three reverse mortgage companies for deceptive advertisements, including claiming that consumers could not lose...
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and complaints of high-pressure sales tactics and deceptive advertising tarnishing the... While industrywide sales remained flat, AAG reverse mortgage originations have steadily increased....
Criminals will gain their targets’ trust and may communicate with them directly online, over the phone, and/or through the mail; or indirectly through the TV and radio. Once successful, scammers often keep a scheme going because of the prospect of significant financial gain. Seniors are often targeted because they tend to be trusting and polite. They also usually have financial savings, own a home, and have good credit—all of which make them attractive to scammers. Additionally, seniors may be less inclined to report fraud because they don ...
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Yes Yes American Advisors Group (AAG) Yes Yes Liberty Reverse Mortgage Yes Yes Finance of... 98/5 stars from 154 customer reviews, and zero customer complaints. The company has a similarly...
Retire better with an AAG reverse mortgage loan, designed to help seniors 62 and older leverage their home equity to supplement their retirement income.
that AAG is fraudulent, or that Selleck is wrong in claiming that “ I believe I know what’s what ” about reverse mortgages. However, even if Selleck were to shrug off his “what’s...