What do I use for a term for Reverse Mortgages? Looking to calculate the rate spread and there is no set term. Can someone please refer me to guidance on Reverse Mortgages and LAR fields?
Thank you

Rate spread information is not reported for reverse mortgages, and for reverse mortgages, financial institutions are instructed to report “not applicable” in the rate spread field. For a covered loan or an application without a definite term, such as a reverse mortgage, a financial institution reports that the data point is “not applicable.”