Issue Spotlight: Home Equity Contracts: Market Overview
With home equity “investment” contracts (HEIs), homeowners get cash up front in exchange for a repayment later. But HEIs can be risky.
Reports
We study how consumers interact with financial products and services to help identify potential problems in the marketplace and achieve better outcomes for all. Review our reports and analyses to help inform your decisions, policies, and practices. And, see reports that we periodically prepare about the CFPB.
Data point: Mortgage trends
This Bureau Data Point article describes 2020 mortgage market activity and trends using data reported under the Home Mortgage Disclosure Act (HMDA).
Data Spotlight: Trends in reverse mortgage direct mail advertising
Reverse mortgage lenders send millions of advertisements to older adult homeowners via mail every year. The CFPB found that the number of such advertisements increased in 2021 and 2022 compared to the previous five years. These advertisements were largely sent to low-and middle-income households, and to southern and western states.
Issue Brief: The costs and risks of using a reverse mortgage to delay collecting Social Security
This issue brief explores the tradeoffs of borrowing a reverse mortgage loan in order to delay claiming Social Security.
Supervisory Highlights, Issue No. 13 (Fall 2016)
In this issue of Supervisory Highlights, we report examination findings in the areas of automobile origination, automobile servicing, debt collection...
A closer look at reverse mortgage advertisements and consumer risks
Ads for reverse mortgages are found on television, radio, in print, and on the internet, and many ads feature celebrity spokespeople discussing the benefits...
Snapshot of reverse mortgage complaints December 2011 – 2014
Reverse mortgages are a special type of loan that allows homeowners, 62 and older, to borrow against the accrued equity in their homes.
Reverse Mortgages Report
Congress directed the CFPB to conduct a study on reverse mortgages as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act.