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Reverse mortgage lenders shortsighted: ASIC

While older Australians are largely benefitting from reverse mortgages in the short term, many have a poor understanding of the risks and the long-term pitfalls, ASIC said.

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Read more: ASICReverse mortgagesMacquarie BankWestpacBank of MelbourneBankSABankwestCBAGlobal Financial CrisisHeartland Seniors FinancePeter KellSt George Bank