General World News

10 myths loan originators believe about reverse mortgages — and the reality that could change their business

Every day, about 10,000 Americans turn 65. That pace is expected to continue for another seven to eight years. Collectively, senior homeowners are sitting on a record $14.6 trillion in housing wealth. That’s not a niche. It’s a wave of new business that most purchase-loan originators are overlooking as a component of their pipeline — largely invisible to the originators who need it most.

Reverse mortgages aren’t rate-and-payment products. They’re liquidity and cash flow tools for the fastest-growing segment of the mortgage market. Unlike purchase lending, they’re far less vulnerable to rate cycles, which means originators who build a details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com

Leave a Reply

Your email address will not be published. Required fields are marked *