Loss Mitigation

Seniors Turn to Reverse Mortgages For Help With Everyday Expenses: Survey 

Regular HW readers know that the reverse mortgage market has been booming as of late, for two distinct reasons: first, the greying of American baby-boomers continues, and for many, their home is their most significant asset as they head into retirment. But reverse mortgages have also been booming because so many former brokers and loan officers have figured out the demographics, and the implosion of the residential lending market has led to a mass exodus of sorts for many former brokers.