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The Real Estate Adviser |
November 28, 2008
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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