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CFPB official talks reverse mortgage safety, counseling resources

Buying into homeownership is already challenging enough for many Americans, but keeping — and maintaining — a home can come with serious challenges as a person gets older. This may lead an older homeowner to consider a product like a reverse mortgage, but potential borrowers should be aware of the product’s details and the informational resources they can access.

This is according to Deborah Royster, an assistant director in the Office of Older Americans at the Consumer Financial Protection Bureau (CFPB), who spoke about these issues in an episode of the “Your Money Briefing” podcast from The Wall details ⇒

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