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Reverse Mortgages Spike 20% in 2013 as Baby Boomers Scramble for Cash

Reverse Mortgages Spike 20% in 2013 as Baby Boomers Scramble for Cash (via www.silverdoctors.com)

So when you see that older guy working the cashier at Wal-Mart and wonder to yourself how he is surviving, the answer may increasingly be a reverse mortgage. Oh, and since the FHA is originating many of these loans, you the taxpayer will be on the hook…

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