Life After Fannie Mae for Reverse Mortgages

Life After Fannie Mae for Reverse Mortgages: "Fannie Mae long the stalwart in secondary market support for the product, through its Home Equity Conversation Mortgage, clearly is in pull-back mode. Earlier this year, the government financing agency increased its required yield on reverse mortgages, which had the net effect of increasing interest rates on those loans by 50 to 75 basis points, thus reducing the proceeds seniors receive from a reverse mortgage."