How is the reverse mortgage business shaping up this year? We’re seeking input from our readers as to where they see the industry headed in 2014.
The past year brought a slew of substantial program changes including principal limit reductions and upfront limitations on loan proceeds. Borrowers began to shift away from a strong fixed-rate majority seen in recent years, and several major acquisitions took place.
What do you predict will set the market apart in 2014?
If you’re interested in sharing your outlook, please email us with responses to the following questions totaling no more than 200 words:
- How do you see reverse mortgage market shifting in 2014 and where will the biggest changes be felt versus 2013? Why?
- Will loan volume be on pace with, behind, or ahead of where it was in 2013?
- Have another prediction about the coming year for the reverse mortgage market? Tell us what you think.
Email your name, company, title and predictions to firstname.lastname@example.org. Submission deadline is end of day Friday, January 24.