News

Reverse Mortgage Application Volume Continues to Slide Says FHA 

The Federal Housing Administration’s latest Outlook Report shows that reverse mortgage applications continue to slide. In January, the agency reported it received 5,805 applications for reverse mortgages (HECM), down 16.2% from the prior month and 54.2% lower than the same period in 2009. Reverse mortgage applications weren’t the only product showing a decrease in volume. […]