First Bank of America pulled their jumbo reverse mortgage product and now it's the 800 pound gorilla of the industry, Financial Freedom. The company, a division of Indy Mac Bank, just announced that the last day they will accept applications for their program called the Cash Account is June 30th.

Fortunately, there are still several jumbo reverse mortgage programs available in the marketplace. So seniors with high-value homes need not despair! At least for now . . .

Will more heads (or programs) roll? Probably. Stay tuned!