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Wells Fargo

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Market Volatility Impacts Reverse Mortgage Borrowers and Lenders 

Apr 11, 2011By

Despite additional investors moving into reverse mortgages, the secondary market remains volatile and lenders are feeling the pinch on margins as rates start to rise. “When rates go up, prices that you used to receive go down,” said Keith Hopkins, vice president of MBS trader at Wells Fargo Home Mortgage during a panel at the National […]