HECMs Prove Troublesome for Some Borrowers and Lenders

February 10, 2023

National Mortgage News, Feb. 10, 2023–Spencer Lee (subscription)
While reverse mortgages allow older homeowners the opportunity to draw on home equity with minimal risk, problems arising from flaws in program structure are causing headaches for borrowers and issuers alike, according to recent reports.
https://www.nationalmortgagenews.com/news/hecms-prove-troublesome-for-some-borrowers-and-lenders