HOMEQ is leading the charge. It’s a compelling company because it essentially holds a monopoly in a rapidly growing business. HOMEQ’s CHIP brand has a huge head start on would-be competitors, in terms of funding, distribution and name recognition. The company’s stock (Ticker: HEQ) is something worth watching.
Sidebar: There’s a correction needed to the Post story. It misquoted the following: “There is no application process [for reverse mortgages].”
There is, in fact, an application process, but it’s easier to be approved than a regular mortgage because reverse mortgages generally require no income confirmation.
Rob McLister, CMT
Like news like this?
Join our CMT Updates list and get the latest news as it happens. Unsubscribe anytime.
Thank you for subscribing. One more step: Please confirm your subscription via the email sent to you.