HECM Product; Lender Disaster News; U.S. Economy Advancing
HMDA data tells us that California accounted for 21% of residential loan volume in 2017, and 23% in ’16. It’s a big market. Thus, the industry is following a ruling that Wells Fargo ...
read more Reverse mortgage lender says its private product avoids recent challenges
However, as more loans have been catered recently to borrowers new to the reverse mortgage space, Plack estimates that those customers are actually about 50/50 between HECM and proprietary.
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