Industry News

Reverse mortgage activity surges

Cash-strapped retirees boost market by 76% from a year earlier
Published on Mar 10, 2004

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by CareyBot

The volume of federally insured reverse mortgages taken out by older homeowners in recent months has increased by 76 percent from a year ago, as a blistering record pace of originations continues, according to the National Reverse Mortgage Lenders Association. ...