Since the credit crunch of 2008 - 2009, almost all lenders in the reverse mortgage market stopped originating proprietary reverse mortgages on until now. (seniorhousingnews.com)
There are also proprietary reverse mortgages, which are privately insured by the companies that offer them. (fool.com)
Proprietary Reverse Mortgage Loan or «Advantage»: This option is for senior homeowners who have high - value properties and are wanting to access more than the HECM's federally - set borrowing limit. (americanadvisorsgroup.com)