MUTUTAL MORTGAGE INSURANCE FUND

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HUD: Reverse mortgage volume tanked in Q1

Apr 01, 2019By

Reverse mortgage volume has been on a rapid descent since program changes took hold in early 2018, and the trend doesn’t appear to be slowing. The Department of Housing and Urban Development released its quarterly report to Congress on Monday on the state of the Federal Housing Administration’s flagship Mutual Mortgage Insurance Fund, and its details on the flailing state of the reverse mortgage program are eye catching.

3d rendering of a row of luxury townhouses along a street

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