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How originators can capitalize on reverse mortgage business in light of the changing housing market

Housing Wire

With a housing market in transition , originators are looking to seize profitable opportunities that benefit both borrowers and their own bottom lines. But originators need to see the big picture that extends beyond our current economic climate—the market for reverse mortgages is enormous and growing.

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Rural America is losing affordable housing at a crisis pace

Housing Wire

In fact, if nothing is done, this USDA program — called Section 515 — is projected to lose up to 137,000 affordable-housing units between 2023 to 2033 nationwide due to mortgage maturities alone, according to USDA projections , “with a potential to lose approximately 333,000 units by the year 2050.”

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