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Gray Matters: Reverse mortgages are still safe
To hear Sen. Claire McCaskill talk about federally insured reverse mortgages, you'd think the popular program is riddled with fraud and victimizing older Americans and costing the government billions.
Not to worry. Your reverse mortgage is safe, and so is the 20-year-old program that has insured such loans for more than 500,000 older homeowners, including 112,000 last year.
The government,...
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