Interest in Reverse Mortgages Likely to Continue to Grow
March 19, 2009
The reverse mortgage has been one of the few loan products to see some growth in the last few years, and experts say new regulatory changes and a favorable market environment could continue to keep the momentum going in 2009. Over the past five years, the FHA home equity conversion mortgage program has grown from about $5.4 billion a year to more than $17.3 billion in 2008. Meg Burns, director of...