Within the next 30 days, the reverse mortgage industry will likely have lost its most popular product as the fixed rate HECM standard becomes a thing of the past, Reverse Mortgage Daily reports. On the surface, this would appear a dramatic shift in the business, but it may not necessarily mean such major change for originators or the borrowers served by the product.
What 2013 will bring for reverse mortgages
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GAO highlights reverse mortgage counseling in new report
Older adults need more information about financial programs, with GAO citing the HECM counseling program as an age-targeted example.