Review of MMI Fund’s reverse mortgage book sheds light on evolving HECM
Housing Wire
FEBRUARY 1, 2024
Approximately 65% of loans endorsed in Fiscal Year 2009 had an MCA of less than or equal to $300,000, and this percentage increased to approximately 72% by Fiscal Year 2012,” the report stated. As the principal limit has been increasing, the percentage of endorsements with an MCA over $417,000 has increased steadily since 2012.”
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