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Reverse Mortgage Lenders Pivot As Sales Falter

FYI: The reverse mortgage market is evolving for the first time in a decade, as the industry pivots to address sagging sales and what it sees as a new opportunity presented by the number of baby boomers retiring.

Reverse mortgages are a type of loan that allows seniors to tap their home equity, as a lump sum or line of credit, without having to make out-of-pocket payments. The market has been dominated by a single product, a home equity conversion mortgage, which is insured by the federal government and sold by approved lenders
Regards,
Ted
https://www.google.com/search?source=hp&ei=vczrXJWzDomiswWv14qIAg&q=Reverse+mortgage+lenders+pivot+as+sales+falter&oq=Reverse+mortgage+lenders+pivot+as+sales+falter&gs_l=psy-ab.12...3209.3209..4910...0.0..0.179.311.0j2......0....2j1..gws-wiz.....0.GJY0yGiEu0Y
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