Editor’s note: Welcome to the second installment of the Monday Morning Q&A from HousingWire’s Reverse Mortgage Daily (RMD). Each Monday morning, the RMD newsletter will feature an in-depth interview with a reverse mortgage industry figure on a wide range of topics including loan origination and servicing, product development and technology.
Loren Riddick, national director of reverse lending for NEXA Lending, is urging policymakers and industry leaders to revisit the structure of the Home Equity Conversion Mortgage (HECM) program and to scrutinize reverse-to-reverse refinances, which he says have become increasingly common.
In a recent interview with HousingWire‘s Reverse Mortgage Daily, Riddick details ⇒
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