Reverse Mortgage Retail, Wholesale Volume See Similar Drops in November

Home Equity Conversion Mortgage (HECM) endorsements fell by 9.4% in the month of November 2020, for a total of 3,390 loans according to the latest HECM Originators report from Reverse Market Insight (RMI). The fall comes in the midst of generally heightened reverse mortgage industry activity that has been taking place over the past few […]

Senior Housing Wealth Reaches New Milestone of $7.82 Trillion

Homeowners aged 62 and older saw their collective housing wealth increase in Q3 2020 by 1.6% compared to the previous quarter. This constitutes an increase of approximately $121 billion to a record of $7.82 trillion, according to data provided by the National Reverse Mortgage Lenders Association (NRMLA) in conjunction with data analytics firm RiskSpan. The […]

Get Ready, Reverse Mortgage Pros: Gen X’s Money Concerns Outweigh Those of Boomers

Americans in the demographic cohort known as “Generation X,” signifying those born between approximately 1961 and 1980, are displaying larger signs of anxiety related to their finances than the baby boomer generation. This is according to the 2020 Workplace Benefits Report by Bank of America, and cited by retirement media website NextAvenue. “[The survey] found […]

Reverse Mortgage Volume, Securities Issuance End 2020 on a High Note

Home Equity Conversion Mortgage (HECM) endorsements in December recorded an increase at the end of the year, rising 15.1% to 4,097 loans. This marks a reversal of recent courses, as HECM volume previously had been on a recent downward trend, but overall the year finished on a strong note by rising 27.3% to 44,661 loans […]

Reverse Mortgage Volume Dips Led by Wholesale in October

Home Equity Conversion Mortgage (HECM) endorsements fell by 4.6% in the month of October 2020, for a total of 3,741 loans according to the latest HECM Originators report from Reverse Market Insight (RMI). The fall comes in the midst of generally heightened reverse mortgage industry activity that has been taking place over the past few […]

Industry Analysts: Reverse Mortgages Not Subsidized by Forward Mortgages

The Home Equity Conversion Mortgage (HECM) program does not subsidize the traditional, forward mortgage program at the Federal Housing Administration (FHA), because the HECM program has shown significant economic improvement over the past few years; and the forward mortgage program’s volatility has demonstrably increased. This is according to reverse mortgage capital markets and investment banking […]

Education is Key: What Reverse Mortgage Pros Can Learn from Market Penetration

Every business which serves a market of customers has to determine what counts as a benchmark for success, and oftentimes one of the key benchmarks is market penetration. Since businesses often have to define what market penetration is — and what it means — for their particular business segment, that determination can help the people […]

Wholesale Reverse Mortgage Segment Outperforms Retail in September

Home Equity Conversion Mortgage (HECM) endorsements fell by 1.9% in the month of September 2020, for a total of 3,923 loans according to the latest HECM Originators report from Reverse Market Insight (RMI). The fall comes in the midst of generally heightened reverse mortgage industry activity that has been taking place over the past few […]

FHA: Reverse Mortgage Performance Improves as Data Shows Borrower Preferences Change

The Home Equity Conversion Mortgage (HECM) program has seen a general increase in activity over the course of fiscal year 2020, though some of that increase can be attributed to higher levels of refinance transactions and unique components of the mortgage market observed during the COVID-19 pandemic. A longer view also shows some interesting shifts […]