Seniors Turn to Reverse Mortgages as a Lifeline During the Coronavirus Crisis

CNBC, May 11, 2020–Ilana Polyak
According to the Reverse Mortgage Insight, which gathers data on the industry, applications for home equity conversion mortgage, or HECM, the most common type of reverse mortgage that is insured by the Federal Housing Administration, were up 15% in March. Applications were up 50% in Q1 compared to the same period last year.
https://www.cnbc.com/2020/05/11/seniors-turn-to-reverse-mortgages-as-a-lifeline-during-the-coronavirus.html