The Australian Financial Review --- Page: 7 : 22 November 2007 Original article by Marsha Jacobs
LexisNexis Summary
The Australian Securities & Investments Commission (ASIC) estimates that the nation's reverse mortgage market is now worth about $A1.8bn. The corporate regulator has released a report which concludes that people who take out reverse mortgages generally lack full knowledge of the terms and conditions of the product. The report also notes that most borrowers are also not fully aware of the long-term impact of failing to comply with the terms and conditions of their loan.
