More lenders paid by reverse mortgages

As foreclosures are increasing across the U.S., more and more lenders
are willing to accept payment from reverse mortgages to forego
foreclosure. Reverse mortgages, loans for senior citizens that defer
repayment until the homeowner dies or the home is sold, have high fees
and usually will not pay off the mortgage in full–one housing attorney
estimates lenders receive 65 percent of their loan payment.