4-Minute Reverse Mortgage News Roundup


The top reverse mortgage news stories for April 6, 2020

  • Secondary market pricing turbulence cuts profitability
  • Two proprietary reverse mortgages pulled
  • Nationwide expands its private reverse mortgage offering
  • Mortgagee Letter 2020-06 provides protections for HECM borrowers
  • Massachusetts face-to-face counseling law to be modified due to coronavirus pandemic

 

1 comment

Melinda Hipp April 7, 2020 at 7:33 am

From one day to the next, proprietary dropping out by the day. WOW, who would have thought we would have gotten to this! FAR now suspending some programs and adjusting pricing.

Reply

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