Nearly all RMs are insured by the Federal Housing Administration through its Home Equity Conversion Mortgage (HECM) program.

FORBES: Reverse Mortgages Fall Short of Their Potential, Says a New Government Report

So far, the cuts in fees apply mainly to one type of reverse mortgage: the plain-vanilla fixed-rate "home-equity conversion mortgage, " which is backed by the Federal Housing Administration and is paid out to the borrower as a lump sum.

WSJ: Reverse Mortgages Now Look Cheaper