CFPB Issues Advisory about Managing Mortgage Debt in Retirement
WASHINGTON, D.C.—(ENEWSPF)—May 7, 2014. Today the Consumer Financial Protection Bureau (CFPB) released a snapshot report spotlighting the mortgage debt challenges faced by a growing number of older Americans. These challenges include more mortgage debt, less affordable housing, and greater risk of foreclosure. The CFPB is also issuing a consumer advisory today reminding older consumers approaching retirement to think about their mortgage pay-off date and to consider…
