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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Indiana senator explains his inquiries into reverse mortgages
Sen. Mike Braun offered insights into his recent letter to Ginnie Mae and the potential need for more scrutiny of the HECM and HMBS programs.