Reverse mortgage business — and mortgage business generally — is not where people want it to be.
That was a repeated idea shared by a group of reverse mortgage professionals when asked to assess what they see as the biggest industry challenges of the year. With Home Equity Conversion Mortgage (HECM) volume declining on an annual basis, many industry participants cited at least one key factor that could’ve driven the decline, but the view was not universal.
Rates, rates and rates
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Peter Sciandra
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