Des Moines based Wells Fargo Home Mortgage is getting out of the reverse mortgage business. They allow homeowners 62 and up to convert the equity in their home into cash. Reverse mortgages have come under fire for high upfront fees and other problems. Wells Fargo says it's concerned seniors may not be able to maintain home ownership, unpredictable home values, and federal rules that don't let banks determine if a customer can afford property taxes and other expenses. A handful of jobs in Iowa will be cut.
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