Reverse Mortgages: Less than the success story expected

31 Jan

A U.S. News and World Report article published yesterday addressed the issue of the less than successful reverse mortgage. 

“Reverse mortgages should be a breakout product of demographic destiny,” the article writes. “It is the only mainstream financial product that permits older Americans to tap the equity in their homes.”

This thoughtful article recounts the recent decline in originations despite the growing need for the product.  Follow the link above to read the full story.

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