Developed as an income security alternative, reverse mortgages allow seniors to convert their home equity into cash income. This report provides the U.S. Government Accountability Office an assessment of the risks to borrowers, lenders, and the government. The authors conclude that reverse mortgages represent a viable retirement security alternative, as long as borrowers are willing to incur the high upfront costs and rules and regulations are enforced.
Assessing Reverse Mortgages as a Viable Retirement Security Alternative
- Volume or issue no.: Workshop in Public Affairs, Public Affairs 869, taught by Karen Holden in Spring 2009
- Author(s): Holly Bedwell, Margaret Carden, Nicole Kibble, and Sean Stalpes
- Link to publication: Download PDF