Australia's reverse mortgage program takes a hit

Australia's reverse mortgage program takes a hit
In the U.S., the reverse mortgage industry is currently weathering a rather rough patch, but perhaps this is nothing compared with its Australian counterpart. A report released last month by the Australian Securities and Investments Commission raised serious concerns about the health of the nation’s reverse mortgage program, claiming that lenders were failing to properly educate consumers about the risks of the loan.
Source: https://www.housingwire.com/rss