can I deduct expenses incurred when originating a reverser mortgage?

[KrisD15]

No, that is not a traditional mortgage, so no fees are deductible. 

Also, any payments you receive is not considered income. 

A reverse mortgage does not loan you money to purchase a home, so the fees are not deducible and any interest you pay later when you end the reverse mortgage (or you sell the house) also is not considered home mortgage interest. 

HERE is an IRS link with more information