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Reverse Loans Comprise 1% of All CFPB Mortgage Complaints 

Apr 16, 2014By

Reverse loans accounted for 1% of all mortgage complaints reported by consumers to the Consumer Financial Protection Bureau in 2013, according to its annual report. Last year, the CFPB received about 59,900 mortgage complaints, the bulk of which fell under an “other mortgage” (45%) category, followed by “conventional fixed mortgage”  (29%) and “conventional adjustable mortgage” […]