Reverse Mortgages Are Red Hot

 All yea mortgage brokers take heart!!!  Our parents and grandparents may rescue us once again.  That's right, Reverse Mortgage's are now the product of choice for major investment groups like Lehman brothers.  Perhaps it's because there is really no downside to reverse mortgages.  You don't have to qualify the senior for the loan, credit doesn't matter, income doesn't matter. All that matters is the interest rate that is negatively amortizing on the loan, and how many of these programs you can sell.   It's easy money for the banks, because they just package these loans as long term annuities. Those buying them are parking them, knowing that in 10-30 years that they'll be able to redeem these mortgages as the *maturity date matriculates.

Reverse mortgages are going to be main stay of the future mortgage market. If your not selling them already, then it would be advisable to start learning about them now.

Here are a couple good sites for more information on Reverse Mortgages, especially if you plan on originating them......

Reverse Mortgage Training 

National Reverse Mortgage Lenders Association