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HECM Market Grows, Pullback Expected
Lending of FHA Home Equity Conversion Mortgages set a single-quarter record in early 2009, but declining house prices, prevailing concern about the niche product’s exposure to fraud and predatory practices, and recent talk of eligibility changes have many reverse mortgage lenders expecting the worst. The first quarter of 2009 produced a record... [Includes one chart and onge graph]
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