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Wells Fargo pulls out of reverse-mortgage market

While the slow disappearance of reverse mortgages from major lenders’ portfolios isn’t a big job-killer, it could spell trouble for the 20-year-old financing option that senior citizens have been able to use to carry them through retirement. Bank of America pulled out of the reverse mortgage business a few weeks ago, and Wells Fargo recently… Continue Reading Wells Fargo pulls out of reverse-mortgage market