A rebuttal to USA Today’s recent expose/editorial on reverse mortgages If there’s one thing many media outlets practice it is selective reporting of facts, willful omission, dividing Americans by race or economic class, and fear-mongering to garner clicks to increase ad revenues. Such are the criticisms that come to
New York Post Skewers Reverse Mortgages While negative new stories about reverse mortgages have diminished considerably a few media outlets continue to beat the drum on the dangers of reverse mortgages leaving vulnerable seniors without a home. Reading such articles reminds me of Winston Churchill’s quote “A life gets halfway
[vimeo id=”134440404″ width=”625″ height=”352″] Consumer Reports Article Cautions Readers The magazine and self-described consumer educator and advocacy group Consumer Reports recently published an article entitled “Don’t Be Suckered Into Buying a Reverse Mortgage”. In it’s paternalistic zeal Consumer Reports does dispense some practical advice but unfortunately makes use of pejorative
The media is inaccurate, misleading and selective in reporting the facts? What’s new. The Consumer Financial Protection Bureau’s recent release of it’s report on reverse mortgage complaints was seized upon by both the media and so-called consumer advocate groups. Surprised? No. Damaging? Possibly.