Reverse Mortgage News

Reverse Mortgages Pros

  • Three Years In, Underwriters Say LESA Has Improved Reverse Mortgages
    It’s been nearly three years since the Department of Housing and Urban Development introduced Life Expectancy Set-Asides (LESAs), which require borrowers with less-than-stellar credit histories to set aside a portion of their reverse mortgage proceeds to pay taxes and insurance. It took time for underwriters to get a handle on LESA guidelines as they sought […]
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