What percentage of potential reverse mortgage borrowers go through counseling but never close the loan?

1 Comment

  • Jerry Wagner - 13 years ago

    Actually over the last six months fewer than 60% of counseling sessions resulted in an endorsed HECM. There was a huge bulge in sessions in September in anticipation of a cut in principal limit factors on October 1st. But because the lookup floor was changed from 5.50% to 5.00%, the cut had a positive effect on most principal limits.

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