The very loans that are supposed to help seniors stay in their homes are in many cases pushing them out.
Reverse mortgages, which allow homeowners 62 and older to borrow money against the value of their homes and not pay it back until they move out or die,have long been fraught with problems. But federal and state regulators are
documenting new instances of abuse as smaller mortgage brokers, including former subprime lenders, flood the market after the recent exit of big banks and as defaults on the loans hit record rates.
Some lenders are aggressively pitching loans to seniors who cannot afford the fees associated with them, not to mention the property taxes and maintenance. Others are wooing seniors with promises that the loans are free money that can be used to finance long-coveted cruises, without clearly explaining the risks. Some widows are facing eviction after they say they were pressured to keep their name off the deed without being told that they could be left facing foreclosure after their husbands died.
Now, as the vast baby boomer generation heads for retirement and more seniors grapple with dwindling savings, the newly minted Consumer Financial Protection Bureau is working on new rules that could mean better disclosure for consumers and stricter supervision of lenders. More than 775,000 of such loans are outstanding, according to the federal government.
Concerns about the multibillion-dollar reverse mortgage market echo those raised in the lead-up to the financial crisis when consumers were marketed loans — often carrying hidden risks — that they could not afford.
"There are many of the same red flags, including explosive growth and thefact that these loans are often peddled aggressively without regard tosuitability," said Lori Swanson, the Minnesota attorney general, who is working on reforming the reverse mortgage market.
1.What can we learn about mortgage loans from the first two paragraphs?
A.The loans help seniors stay in their homes.
B.The loans are actually expelling seniors.
C.The reverse mortgage only welcomes seniors 62 and older.
D.Seniors can apply for reverse mortgage freely.
2.The problem of reverse mortgage refers to ______.
A.some lenders are pleased to lend money to seniors
B.the borrowers cannot pay back the money as expected
C.federal and state regulators are documenting new instances of abuse
D.former subprime lenders go bankrupt
3.The underlined word "foreclosure"(line 6, paragraph 3) most probably
A.the widows were pressured to lose their names
B.the seniors couldn't enjoy their cruises finally
C.the widows may be evicted from their houses
D.the widows had misunderstood the reverse mortgage
4.Which of the following is true about the new rules from CFPB?
A.The rules are good for lenders while adverse to borrowers.
B.The baby boomer phenomenon helps seniors to save money.
C.Consumers can better understand reverse mortgage.
D.The rules will be stricter for consumers.
5.The "red flags" of reverse mortgage don't include ______.
B.never considering suitability
C.leading to financial crisis
D.the reform of reverse mortgage market
1.【答案】B。解析：細節題。第一段開門見山地指出，在許多情況下，貸款(即指下文的反向抵押貸款)使得老人居無定所，因此 A 項不正確。C, D 兩項中,"only"和"freely"措辭太絕對，與文章內容不符，故排除。只有 B 項符合題意。
2.【答案】B。解析：細節題。題目要求找出反向抵押貸款所遇到的問題，故可將本題答案初步定位至文章的二三段。根據還貸拖欠情況屢創新高和貸款方把錢貸給那些無法支付相關費用的老人可知，反向抵押貸款最大的問題是借貸者無法按預期還貸，B 項正確。A, C, D 項雖然說法上無太大錯誤，但明顯答非所問，故正確答案為 B。
3.【答案】C。解析：語義題。對生單詞應根據其在句子中的成分和上下文語境進行推理。由生詞所處句子的句意可知，該問題是孤寡婦人在丈夫死后所要面對的。根據上文推理可知，該問題是指房產問題，那么她們需要面對的應該是房產所有權的喪失。只有 C 項符合題意。
4.【答案】C。解析：推斷題。第四段指出，隨著大量嬰兒潮時代出生的人步入退休階段，更多的老年人正在努力解決積蓄減少這一困境，新成立的消費者金融保護局開始著手制定新的政策，這一舉措可能意味著消費者會擁有更好的知情權，借貸方面面臨更為嚴格的監管，因此只有 C 項符合題意。
5.【答案】D。解析：細節題。red flags 不僅可以表示紅旗，還可以指危險信號，由上下文可知，此處即為"危險信號"。根據最后兩段可知，A, B, C 項中的爆炸性增長，未考慮是否合適和引發經濟危機，都是反向抵押貸款給市場帶來的危險信號，均不符合題意，只有 D 項不屬于危險信號，符合題意。