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Inside FHA/VA Lending
» Tough Times for Reverse Lending as Some Large Nonbanks Plan to Exit and FHA Premiums Are Up
Tough Times for Reverse Lending as Some Large Nonbanks Plan to Exit and FHA Premiums Are Up
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Inside FHA/VA Lending
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Two of the nation’s largest reverse mortgage lending platforms are on the auction block with a third contemplating an exit via a servicing sale. Coupled with higher upfront premiums on the product, all is not well with the sector.