New Zealand mayor slammed for recommending reverse mortgages

A New Zealand mayor has faced backlash for suggesting that reverse mortgages could be used to fund rising rates akin to U.S. property taxes.

Related Keywords

Otago , New Zealand , Australia , Tim Cadogan , Housing Administration , Us Department Of Housing , Heartland Bank , Superannuation Fund Nz Super , Central Otago , Home Equity Conversion Mortgage , Federal Housing Administration , Urban Development , Superannuation Fund ,