Like the traditional forward space, the reverse mortgage industry has been operating in an elevated interest rate environment for some time.

While news of the Federal Reserve lowering its benchmark interest rate by 50 basis points (bps) to a range of 4.75% to 5% will have wider economic ramifications in the government’s ongoing efforts to fight inflation, there are expected benefits to the reverse mortgage business as well as the demographic it serves: seniors on a fixed income.

HousingWire’s Reverse Mortgage Daily (RMD) solicited input from multiple leaders active in the reverse mortgage industry, details ⇒

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