Blog

Info for consumers

Published APR 28, 2023

Adjustable-rate loans are changing, because a widely-used interest rate index expires in June

Companies that provide adjustable-rate mortgages, student loans, home equity lines of credit, reverse mortgages, and credit cards are ending their use of a popular interest rate index, which expires June 30, 2023.

• • Credit cards
• • Mortgage servicing
• • Mortgages
• • Reverse mortgages
• • Student loans

Info for consumers

Published DEC 07, 2021

The LIBOR index for adjustable-rate loans is being discontinued: here’s what to watch for

Adjustable-rate mortgages, student loans, HELOCs, reverse mortgages and credit cards that are tied to a LIBOR index, which is expiring. Learn how this change could impact your interest rate.

By Davida Farrar

• • Credit cards
• • Mortgage servicing
• • Mortgages
• • Reverse mortgages
• • Student loans

Info for consumers

Published JUL 22, 2021

We have resources to help you avoid foreclosure

Foreclosure moratoria are ending. The CFPB has resources to help homeowners avoid foreclosure.

• • Disasters and emergencies
• • Foreclosure
• • Housing counselor
• • Mortgage servicing
• • Mortgages
• • Older Americans
• • Reverse mortgages

Info for consumers

Published DEC 16, 2020

Avoid Reverse Mortgage Shopping Scams

As a result of the economic uncertainty caused by the COVID-19 pandemic, scammers may be targeting older homeowners through reverse mortgage schemes. Learn how to spot and avoid these reverse mortgage scams.

By Cora Hume

• • Older Americans
• • Reverse mortgages

Info for consumers

Published AUG 24, 2017

Things to consider before borrowing a reverse mortgage to delay collecting Social Security

Resources to help you decide whether to borrow a reverse mortgage to delay collecting Social Security benefits.

By Stacy Canan

• • Older Americans
• • Retirement
• • Reverse mortgages