The sudden influx of proprietary reverse mortgages into the marketplace benefits businesses and consumers, but also raises a slew of questions since the new products all have their own features.
NRMLA will present a session of proprietary reverse mortgages in greater detail at the Annual Meeting & Expo in San Diego, October 26-28. In the meantime, we have created the following chart that helps differentiate the products offered by Finance of America Reverse, Reverse Mortgage Funding LLC, Longbridge Financial and One Reverse Mortgage. Because products change all the time, so will this chart. As new changes are announced, we will update the chart and distribute in future issues of Weekly Report.