Tag Archives: GAO
Unsuitable Annuities Tied To Reverse Mortgages
As more financial advisors sell insurance, a recent report indicates some could be unsuitably cross-selling annuities in conjunction with reverse mortgages. The U.S. Government Accountability Office (GAO) report, requested by Sen. Claire McCaskill (D-MO) and released in June, cites recent … Continue reading
GAO is concerned about advertising claims… Where do you stand?
The GAO also reviewed HECM lender marketing materials and highlighted six promotional claims and reasons they might mislead consumers: 1) Never owe more than the value of your home. Borrowers or their heirs could have a loan balance greater than … Continue reading


