Who would have thought that Sir Richard Branson would want to get into the reverse mortgage business? Last week Virgin USA acquired a majority stake in Circle Lending, Inc. which is a peer to peer lending company. I posted an overview of their reverse mortgage type of product a while back that goes into more details about the program. If you would like to read a full copy of the article click the link below.
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The reverse mortgage industry is settling into “a new normal,” according to analysts, and 2023 activity is expected to be lower than the two years prior.