Fannie Mae is setting tough standards for the scores of lenders that will begin using its reverse mortgage program this month.

"We're asking for a lot more dedicated resources both on the origination and servicing side," said Robert J. Sahadi, vice president for housing initiatives at Fannie, formally the Federal National Mortgage Association.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.