Local News Investigates Reverse Mortgages, NRMLA Responds to Inaccuracies

A Kansas City TV news segment this week interviewed the non-borrowing spouse of a reverse mortgage borrower who had passed away, running with an investigative piece on the pitfalls of reverse mortgages.

Within hours, a follow up segment ran featuring an interview with National Reverse Mortgage Lenders Association President and CEO Peter Bell who offered responses to questions posed by the KCTV reporter.

Focusing on aspects of the reverse mortgage from mandatory counseling to Federal Housing Administration insurance, the reporter posed questions to Bell including the “high” interest rates reverse mortgage borrowers face and what happens when borrowers find themselves with less equity when they repay the loan than when they first took it out.

Advertisement

View the segment and follow up with Bell.

KCTV5

Written by Elizabeth Ecker

Join the Conversation (1)

see all

This is a professional community. Please use discretion when posting a comment.

  • Peter did a good job of shouting out to be heard and clarifying some key points in the interview, good job. Once again, the media smelling blood in the water assumes the worst, the new reverse mortgage interest rate is higher than they currently have, the widowed home owner did not know what is going on. All too often these reports ONLY report the bad things that are on the surface. They say they are investigative reporters but how much time to they really sound investing ALL the facts? All too often there is way too much embellishing going on and not enough real facts.

string(117) "https://reversemortgagedaily.com/2012/11/14/local-news-investigates-reverse-mortgages-nrmla-responds-to-inaccuracies/"

Share your opinion