This sound familiar? "Real Housewives of New Jersey" stars Joe and Teresa Giudice tried to sell another house at auction and failed to drum up any buyers, despite the low price. Here's what's going wrong.
For anyone actively working in the mortgage industry, it’s no secret that reverse mortgages have taken a brutal hit in the last two years. The U.S. Department of Housing and Urban Development issued major program changes at the end of 2017 that effectively limited the amount of proceeds and the number of people who could qualify for the loan. The result had lenders across the space enduring sizable volume drops and subsequent gashes to their bottom lines.