Wells Fargo Getting out of the Reverse Mortgage Business??? Fact or fiction
I heard through the grapevine that Wells Fargo may be getting out of the reverse business. As we know, Bank of America broke the news several months ago and dropped out. Well, who will pick up the slack. Met Life gained a great deal of business from B of A. Met Life may soon be the only player in town. Stay tuned, we will keep you up to day on what we hear. We will be having a podcast to discuss senior options now that lenders like Wells may exit the game on reverse mortgages!
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