‘Nightly News’ Spreads Fear Over Reverse Mortgages
January 11th, 2008 3:57 PM
Never underestimate the power of the media when it comes to taking something completely legitimate and distorting its image as if it is some shady racket. The January 10 "NBC Nightly News" gave that impression about reverse mortgages - a special type of home loan that allows a homeowner to convert some of the equity in his or her home into cash. These loans are geared toward senior citizens,…
