Reverse mortgages plummet to 14-year low

Reverse mortgages plummet to 14-year low
After months of uneven recovery following last October’s program changes, reverse mortgage volume has fallen to a low it hasn’t seen since 2004. The latest data from analytics firm Reverse Market Insight reveals that HECM endorsements fell 17.4% in November – reaching its lowest point since new policy guidelines were implemented last fall.
Source: https://www.housingwire.com/rss