PROPRIETARY REVERSE MORTGAGES

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Canada’s reverse mortgage program is seeing tremendous growth, so what’s the U.S. doing wrong?

Jun 28, 2019By

Canada’s reverse mortgage market continues to see explosive growth while its U.S. counterpart struggles to stay afloat. Reverse mortgage debt in the country reached an all-time high in April by climbing to $3.66 billion, according to Canada’s Office of the Superintendent of Financial Institutions. This represents a 28.15% increase from the previous year.