PJ's Reverse Mortgage Blog

It has come to my attention, that a large Title Company has purposed in a inside bulliten, that it may no longer insure Reverse Mortgages that require a lump sum distribution at closing.  That would be ALL fixed rate HECMs, save the ones that, exactly, pays off a first lien mortgage already in place.

Not good news.  I'll keep you posted. PJ :)