Reverse mortgages, which allow homeowners 62 and older to borrow money against the value of their homes — money that need not be paid back until they move out or die — have long posed pitfalls for older borrowers.
Doug Naidus made his fortune selling a mortgage company to Deutsche Bank AG months before the U.S. housing market collapsed. From an office near New York's Times Square, people trained by a veteran of Jordan Belfort's ...Wall Street Finds New Subprime With 125% Business Loans
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