Montana’s reverse mortgage program could have room for industry collaboration by Chris Clow for HousingWire

HousingWireHousingWire Montana’s unique Reverse Annuity Mortgage (RAM) program is a state-sponsored reverse mortgage, with lower interest rates and proceeds along with a higher minimum qualifying age that distinguishes it from the Home Equity Conversion Mortgage (HECM) program through the Federal Housing Administration (FHA). Cheryl Cohen, division administrator for the housing…

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