Product Education Remains a Key Challenge as Private Reverse Mortgages Cool Slightly

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 […]

Reverse Mortgage Industry Very Optimistic for 2021, as Pandemic Boosts Product Interest

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 […]

2021 Begins With Eye-popping Reverse Mortgage Volume, Steady HMBS Issuance

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 […]