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Lack of Warehouse Funding Hurts Reverse Mortgage Sector 

Mar 17, 2009By

Growth in the reverse mortgage sector requires warehouse funding, which has gone virtually AWOL during the past 15 months of worldwide economic contraction. Warehouse lenders provide liquidity by allowing lenders to temporarily fund mortgages at the closing table. But, estimates indicate a severe drop in the number of warehouse lines – down from nearly 115 […]