Property taxes rose over 5% in the United States in 2020, varying wildly between states at the highest and lowest ends of the property tax levying spectrum.
Both reverse mortgage endorsement volume and HMBS issuance recorded increases in March, on the heels of positive HECM program news in the MMI Fund. RMD speaks with an industry analyst about these developments.
The NRMLA/RiskSpan Reverse Mortgage Market Index shows another impressive quarterly increase, as well as positive year-over-year data.
Recent data gleaned from surveys by AAG and RMD help to show what reverse mortgage professionals should keep in mind about consumers’ home equity thoughts, as well as some surprises.
Seniors have grown closer to their homes and expanded their desire to remain in it, while also expressing that many will continue to work into retirement according to a new survey by AAG.
Both the wholesale and retail segments of the reverse mortgage business saw increases in January 2021, though the way was led by wholesale according to data from Reverse Market Insight.
Reverse mortgage endorsement volume ticked downward in February while HMBS issuance held steady. Data indicates that reverse mortgages continue to perform well, according to analysts from Reverse Market Insight and New View Advisors.
A key challenge for the reverse mortgage industry continues to be the issue of product education, as many reverse mortgage professionals remain very concerned in reforming the industry’s education efforts to reach additional audiences of eligible, prospective borrowers. Additionally, 2020 saw a noticeable “cooling” of sentiment regarding private-label reverse mortgage products, visibly realized in disclosures […]
The reverse mortgage industry has expressed overwhelmingly positive feelings about business prospects for 2021, and is taking notice of an influx of new interest in the reverse mortgage product category as caused by the ongoing COVID-19 coronavirus pandemic. This is according to a recent 2021 Industry Outlook survey conducted by RMD by polling out industry […]
Home Equity Conversion Mortgage (HECM) endorsements in January recorded a very strong increase at the beginning of the year, rising 10.8% to 4,539 loans. This makes January 2021 volume the highest that the industry has seen since May 2020, which marked an explosive increase in volume to over 5,000 loans. January also marks a continued […]