FHA Lenders Warming Up to Reverse Mortgages for New Home Purchases

National Mortgage News, Mar. 6, 2018–Bonnie Sinnock (subscription)
While more than half of recent traditional home loans tracked by the Mortgage Bankers Association are purchase originations, less than 10% of the Home Equity Conversion Mortgages processed by ReverseVision’s origination system get used by borrowers to buy a house.