Even after reform reverse mortgages can lead to losing one's home. The myth is the borrower cannot lose. The reality is the lender cannot lose as taxpayers end up not only covering up any and all of their possible losses but assuring their profits - and they are some profits!
Reverse mortgages are dangerous products pushed on naive vulnerable seniors using the hard sell. Remember Fonzie (Henry Winkler) and Magnum P.I. (Tom Selleck) on TV commercials pushing them?
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"No one is more hated than he who speaks the truth." Plato
“To argue with a person who has renounced the use of reason is like administering medicine to the dead.” Thomas Paine
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