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second mortgage home loan product was added to our catalog on 29 January, 2006.
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“Reverse mortgages rose more than 9.5% on a dollar basis in the second half of 2006 compared with the first six months of the year, and the number of loans was up 19%, the Mortgage Bankers Association says. The Federal Housing Administration, which insures about 90% of reverse mortgages, announced a tenfold jump in the loans from 2000 to 2006″