After March 2, Reverse Mortgage Borrowers Will Have to Prove They Are Not Deadbeats
Category: BUSINESS
Applicants with plenty of equity in their homes might find that the fully-funded Set-Aside imposes no burden on them at all, in which case the underwriting costs could be avoided. There is no reason why lenders and borrowers should not have that option.
By Jack M. Guttentag, ContributorProfessor of Finance Emeritus at the Wharton School of the Uni..., 2015-01-25