Reverse Mortgages Make Steady Forward Progress
Activity in FHA Loan Program Doubles in 2004; Option Becoming More Widely Used in Bay State
|
PETER BELL
‘Word-of-mouth product’ |
By Jennifer Jope
As reverse mortgages slowly begin to shed the stigma once attached to them, Federal Housing Administration statistics show activity for such loans increased dramatically in fiscal year 2004. Massachusetts was also listed as one of the top 10 states in terms of volume of Home Equity Conversion Mortgage endorsements.
Subscribers, click here to read entire story | Click here to purchase a subscription
|
