Over the weekend CNN’s Betty Nguyen talked with Clyde Anderson, who is part of the CNN Money staff about reverse mortgages. The segment is very positive but the information given wasn’t necessarily the best.
During the segment, Nguyen says that, “It’s almost like its interest free”, and Anderson says “exactly”. Definitely, not the case.
I’ve got one request for the mainstream media, please find someone who can explain reverse mortgages without reading from a piece of paper in their hand during the segment. At the very least give them a teleprompter. Don’t worry CNN, CNBC did it too.
