Kiel Mortgage

Exploring 2019’s Reverse Mortgage Lender Exits 

The long arm of changes to principal limit factors (PLFs) for Home Equity Conversion Mortgages (HECMs) continue to be felt over two years after they were first handed down by the U.S. Department of Housing and Urban Development (HUD). This has resulted in a number of mortgage lenders ceasing their reverse originations entirely in 2019. […]