By James Veale, CPA, MBT Most sales managers, originators, and other participants in the Home Equity Conversion Mortgage industry are longing for significant validation that the sales efforts of this decade have had any meaningful results. Annual sales trends, from stagnation to horrific losses and then back to five years of what seems like neverending […]

The Department of Housing and Urban Development should not be in the business of insuring reverse mortgages, a Heritage Foundation researcher claimed in a commentary piece published Tuesday. Writing for The Daily Signal, a conservative news and commentary website founded by Heritage, John Ligon claimed that HUD’s backing of Home Equity Conversion Mortgages is a […]

The Home Equity Conversion Mortgage-backed Securities (HMBS) market shrank for the first time, as a record level of prepayments drove total outstanding HMBS to just under $55 billion, according to the latest market commentary from New View Advisors. HMBS issuers created 97 pools in December 2016, totaling $715 million, according to data compiled by New […]

A lack of seasoned pools led to lower issuance of Home Equity Conversion Mortgage-backed securities (HMBS) in November compared to the previous month, according to the latest commentary from New View Advisors. HMBS issuance totaled approximately $718 million in November—the fourth lowest monthly dollar volume this year—which was down from October’s total of $832 million. […]

Through the first nine months of 2016, HREMIC issuance was nearly $7.7 billion, exceeding last year’s volume—a previous record—of $6.5 billion during this same period, according to the latest market commentary from New View Advisors. With three-quarters of the year already in the books, the industry remains on pace to set its second consecutive annual […]

At $4.27 billion for the first six months of 2015, HREMIC issuance is already at 85% of 2014’s full-year issuance of $5.05 billion, and is expected to surpass 2012’s record $6 billion of issuance, according to the latest Ginnie Mae data compiled by New View Advisors.  Fifteen transactions underwritten by three sponsors — Nomura, Bank […]

For the fourth month in a row, home equity conversion mortgage (HECM) endorsement volumes have declined, dropping to the lowest level since September 2014, according to the latest data compiled by Reverse Market Insight (RMI).   In May, reverse mortgage volume fell -5% to 4,273 loans that month, a level not seen since last September when only 3,762 […]