"This provision could really transform the industry," says Peter Bell, president of the National Reverse Mortgage Lenders Association, in Washington, D.C.
No shit, Sherlock.
I'm picturing thousands of seniors getting inundated with fliers for subprime mortgages. As the story points out, it's not as if financial sharpies haven't already targeted reverse mortgage holders for a variety of financial scams, high-pressure investment pitches, etc.
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