11.29.2011

Undated: Reverse mortgage

The first documented reverse mortgage is made by Deering Savings & Loan in Portland, Maine. The recipient is Nellie Young, the widow of the loan officer's high school football coach.

* Reverse mortgage definitions (from thefreedictionary.com): @
* History of reverse mortgages (from reverse.org): @
* Gardner Historical Museum of Reverse Mortgages (located in Gardner, Kansas): @

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