Tom Kelly The Real Estate Adviser

November 28, 2008

The Real Estate Adviser: Reverse mortgages up slightly as ‘jumbos' exit

LOS ANGELES — Most reverse mortgage options have left the market, victims of the global credit crunch. Yet the biggest player with the longest history still remains and it pushed the industry into positive growth territory for the 19th straight year.

More than 700 members of the National Reverse Mortgage Lenders Association gathered here for the group's annual meeting to discuss new ideas, review statistics and hear a year-end assessment by outgoing FHA Commissioner Brian Montgomery.

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Previous columns:

• The Real Estate Adviser: Realtors offer plan to rev up housing, 11-13-2008
• Tom Kelly: Creative thinking would help fix mortgage mess, 11-06-2008
• The Real Estate Adviser: Should you lock loans in this crazy market?, 10-30-2008
• The Real Estate Adviser: When in doubt, remodel home to meet your needs, 10-23-2008
• The Real Estate Adviser: Home improvements just for your family, 10-16-2008
• The Real Estate Adviser: Option ARM: the loan that took down WaMu, 10-09-2008
• The Real Estate Adviser: WaMu's mortgage troubles started in '96, 10-02-2008
• The Real Estate Adviser: Foreclosure scams are on the increase, 09-25-2008