Home Chex

Lenders Adapt Approach to “New” Reverse Mortgage Borrower 

Today’s reverse mortgage borrower is decidedly different from years past. Recent changes to the HECM program now require that prospective borrowers undergo a financial assessment, effectively retooling the program for the more financially savvy. Now, originators are working with a new type of borrower, one who is considering a HECM as part of their overall […]