UNIVERSITY CITY, Mo. (AP) - Sen. Claire McCaskill is chairing a Senate field hearing in Missouri about reverse mortgages.Monday's hearing is at a senior center in the St. Louis suburb of University City.McCaskill's office says elderly homeowners are often targeted for predatory lending schemes. The Missouri Democrat says it is vital to protect seniors from aggressive marketing and predatory lending tactics.Reverse mortgage loans allow for converting equity in homes into cash. They are becoming more popular, in part because retiree stock accounts have lost so much value.(Copyright 2009 by The Associated Press. All Rights Reserved.)
You can send a story to multiple email addresses by separating the email addresses with a semicolon (;)
This station will not store your email address or your recipient's email address or use them in any way.
