Reverse Mortgages Affected By the Market, But Still Available
Friday, 27 August 2010 09:56
In June, there were around 11,000 HECM mortgages in Oregon and nearly a half-million nationwide. New loans backed by FHA make up about 90% of the market and that number has declined this year. While the financial crisis has been negative for home values and sales, the reverse mortgage market has not taken the hit entirely as hard as expected.
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