What’s The Potential For Reverse Mortgages?
by Peter G. Miller
June 27th, 2007
June 27th, 2007
Related Stories
- Wall Street Should Be So Lucky
- Reverse Mortgages & The Motley Fool
- SEC Says Special Care Needed For Investing Seniors
- It’s Official: 2007 Was A Banner Year
- Pension Cautions & Reverse Mortgages
Story Tools
The June issue of Mortgage Banking magazine offers an interesting article by Mary McGarity entitled, “Moving Forward In Reverse.”
One of the interesting points made in the article is that some 20 million homeowners may now qualify for a reverse mortgage and that the total value of their untapped equity could be as much as $3 to $5 trillion.
And to think, HUD just announced that it had originated 300,000 HECM loans since 1990. Suggests there may be some growth potential here, don’t you think?
Little wonder that lenders and Wall Street investors want their share of senior equity. Perhaps more interest will produce more competition — and thus lower fees and costs than we have seen to date.
Related Resources You May Like
RSS Feed
