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Reverse Mortgage News Blog Entries

Lessons learned from the traditional mortgage market

Shannon Hicks
The lessons to be learned from the growth of alternate mortgage products Late in the Fall of 2018 traditional mortgage brokers scrambled for new ways to generate loan volume as average home mortgage rates spiked. In late 2018 refinance transactions began to fall leading many brokers to focus more on

Proprietary RMs Gain as HECM Evolves

Shannon Hicks
Lenders continue to expand their proprietary reverse mortgage offerings – a timely development FHA sees as encouraging. “We are considering some other changes [to the HECM program]”. Those are the words of FHA Commissioner Brian Montgomery during a media conference call for the release of FHA’s report to Congress last

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