HECM

NPR: Reverse Mortgages a Last Resort 

Featuring "Tell Me More's" contributor on matters of personal finance, Alvin Hall, National Public Radio (NPR), ran a segment on reverse mortgages.  It is unfortunate that NPR referred to Hall as an export on such matters because his depiction of reverse mortgages was inaccurate and misinformed.   Opening the segment, host Michael Martin plays a sound bite of an advertisement from American Advisors Group, featuring Fred Thompson.  He then follows with an odd introduction stating that was one of dozens promoting reverse mortgages while Bank of America has exited the business. Hall begins with the standard depiction that reverse