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Seniors were sold a risk-free retirement with reverse mortgages.. loans that allowed senior citizens to tap into their home equity have failed, and continue to suffer from reverse mortgage loans written a decade ago.. Including fees and penalties, his loan servicer says he now owes more than $20,000.

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If you were house hunting before the crash, you could choose between. Now that a decade has passed, industry insiders look back at where we were. [The new mortgage rules that are likely to affect your next home purchase]. Still, some markets in Arizona, Florida, Illinois and Nevada have yet to reach.

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