Los Angeles

First American Touts Reverse Mortgage Scoring 

The First American Corporation [stock FAF][/stock] said earlier this week that it has developed what it believes is the first scoring system to help servicers identify candidates for a government-insured Home Equity Conversion Mortgage (HECM), who might otherwise face foreclosure. The new score was launched this week at the National Reverse Mortgage Lenders Association’s annual meeting in Los Angeles.