Tag Archives: GAO

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 →

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 →