Americans 4 Times More Likely to Be Equity-Rich as Home Values Increase

14.5 million residential properties in the United States are considered equity-rich, based on data which indicates that the combined estimated amount of loans secured by those properties was 50% or less of their estimated market value. The count of equity-rich properties in the fourth quarter of 2019 represented 26.7% (a little over one in four) […]

Reverse Mortgage Endorsements Surge Nearly 60% in January

Home Equity Conversion Mortgage (HECM) endorsements increased by 59.2% to 3,919 loans for the month of January 2020, the highest level observed since February 2019, a month in which the data was artificially inflated due to the obscuring effects of a partial federal government shutdown that took place early last year. The majority of the […]

Reverse Mortgages Surge by Double Digits in Taiwan

Reverse mortgages have grown more popular in the nation of Taiwan during 2019, with the number of approved loans and total lending figures having increased by double-digit percentage points from a year earlier. This is according to data from the Taiwan Financial Supervisory Commission, and as reported by the Taipei Times. “The cumulative number of […]

Study: Senior Homeowners Largely Stable Enough to Tap Home Equity

A new research working paper released by the Boston College Center for Retirement Research reveals not only that the majority of seniors’ preferences is to remain in their homes as they age, but that a majority of homeowners experience enough residential stability to tap home equity through either reverse mortgages or property tax deferrals. As […]

Why HECM Data Does Not Tell Full Reverse Mortgage Story

When looking specifically at year-over-year trends in Home Equity Conversion Mortgage (HECM) endorsements, the raw numbers do not paint a particularly positive picture on their own. However, there are other factors at play which make the end of 2019 perhaps more positive than some industry observers might believe when looking simply at the raw data, […]

Retail Leads November Drop in Reverse Mortgage Endorsements

Home Equity Conversion Mortgage (HECM) endorsements fell by 13.5% in the month of November, for a total of 2,841 loans according to the latest HECM Originators report from Reverse Market Insight (RMI). The fall was led by the retail endorsement segment of business, which experienced a decrease of 18.5% that month, while wholesale levels recorded […]

Reverse Mortgage Endorsements Fall Again in December

Home Equity Conversion Mortgage (HECM) endorsements dropped by 13.4% to 2,461 loans for the month of December 2019, another decrease along similar lines to the one observed in November with the six of the top 10 lenders recording endorsement decreases. This is according to the December HECM Lenders report compiled by Reverse Market Insight (RMI). […]

Retail Segment Leads October Jump in Reverse Mortgage Endorsements

Home Equity Conversion Mortgage (HECM) endorsements rose by 36% in the month of October, for a total of 2,551 loans according to the latest HECM Originators report from Reverse Market Insight (RMI). The rise was led by the retail endorsement segment of business, which experienced an increase of 45% that month, while wholesale levels recorded […]

Senior Housing Wealth Reaches Record High of $7.19 Trillion

Homeowners age 62 and older saw their collective housing wealth increase in Q3 2019 by 0.3% compared to the previous quarter. This constitutes an increase of approximately $24 billion to a record of $7.19 trillion, according to data provided by the National Reverse Mortgage Lenders Association (NRMLA) in conjunction with data analytics firm RiskSpan. The […]

Reverse Mortgage Endorsements Drop in November

Home Equity Conversion Mortgage (HECM) endorsements dropped by 13.8% to 2,842 loans for the month of November 2019, a decrease from the spike in activity observed the prior month with the majority of the top 10 lenders recording endorsement decreases. This is according to the November HECM Lenders report compiled by Reverse Market Insight (RMI). […]