Around 68% of Carlyle's private-equity funds have exceeded the median fund return for their type, according to Preqin, a research firm.

ECONOMIST: The Carlyle Group

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