High fees and aggressive marketing have been cited as problems with reverse mortgages . Under the new law , fees will be capped at 2 percent of the first $ 200,000 borrowed and 1 percent on the balance , with a maximum of $ 6,000 in fees . In addition , the law prevents lenders from requiring borrowers to purchase insurance , annuities , or other products as a condition for getting a reverse mortgage . Lenders are also prohibited from working with other professionals who are trying to sell seniors financial products as part of the lending process .

Question: What may have happened before the new law regarding reverse mortgages ?
Answer: Home owners were at advantage with low costsLenders were unfair to the home owners .Lenders capped fees at 2 percent .None of the above choices .