In this article shared by NRMLA, the FHA recently reported that HECM portfolio reached $15.1 billion in FY2022, from $3.8 billion in FY2021. “We believe there are opportunities to expand the accessibility of this program, enhance loss mitigation options and broaden HECM’s reach to assist underserved communities,” says NRMLA President, Steve Irwin.
Let’s continue to remove the barriers around reverse mortgages!
