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“The reverse mortgage business is teetering on collapse because…”
[Reverse Mortgage Daily] sat down with Ted Tozer who served as president of Ginnie Mae to get his perspectives and outlook for the Home Equity Conversion Mortgage (HECM) program.
Over half of Generation X’ers cannot afford to help their parents financially.
You can’t take the money and run- Borrowers must return money to rescind the loan