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Running rapidly in reverse (access required)

by Rebecca Tonn

Published: April 3,2009

Time posted: 1:07 am

Tags: finance, mortgage, Senior

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Seniors are queuing up at banks and credit unions around the country to apply for reverse mortgages on their homes. There has been a “significant uptick” in applications, said Eric Bachman, founder and CEO of Golden Gateway Financial. “Our volumes are double.” The surge began several months ago. The FHA Modernization Act — which raised the limit ...





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