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Reverse Mortgage Rates – June 25, 2008 

Jun 25, 2008By

This week, because of the floor used in finding Principal Limit Factors (PLF’s), all Treasury-based HECM’s with a margin of +136 or less will give the same maximum PLF’s as will all LIBOR-based HECM’s with margins of +68 or less. Using these margins, the initial note rate on a LIBOR HECM will be 77 bp […]