This is not the first time I've posted regarding reverse mortgages; and it looks like I'm not the only one who's been envisioning nightmares regarding these things.

I wonder just how many individuals in the mortgage business would arbitrarily recommend reverse mortgages to their own family members, both horizontal and lateral?

With the fallacies of human behavior being what they are, and what with the historical American Way of Life being what it is, hard core financial common sense is often found to be wanting....

Here's a few links to just two articles I came across this morning:

http://www.kansascity.com/news/politics/story/1295695.html

McCaskill holds hearing in St. Louis suburb on reverse mortgages

"Reverse mortgages, increasingly used by seniors to help fund retirement or pay unexpected medical bills, are often accompanied by excessive fees and marketed using overly aggressive tactics, Sen. Claire McCaskill said Monday."

http://www.housingwire.com/2009/06/29/industry-warns-senate-on-reverse-mortgages/

Industry Warns Senate on Reverse Mortgages

"The US Senate Special Committee on Aging heard testimony today regarding the benefits - and potential drawbacks - to reverse mortgage products available to seniors."

...and there's more out there.