Harvard Study: Most Older Adults Do Not Reside in ‘Livable’ Communities

Most older adults do not reside in livable communities, and major differences arise when looking at who has access to the most livable communities, and who does not. These are the conclusions drawn by a new report released by the Harvard Joint Center for Housing Studies (JCHS) and the AARP Public Policy Institute. Some of […]

August’s Slight Reverse Mortgage Volume Drop Led by Wholesale Segment

Home Equity Conversion Mortgage (HECM) endorsements fell by 6% in the month of August 2020, for a total of 4,007 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 […]

Financial Planner Survey Reveals How Experience, Compliance Affects Reverse Mortgage Recommendations

The Academy for Home Equity in Financial Planning at the University of Illinois Urbana-Champaign (UIUC) recently conducted a survey of financial planners, gauging their thoughts about recommending reverse mortgage products to their clients. The findings of the study were presented by Dr. Craig Lemoine, director of the financial planning program at UIUC and executive director […]

September Reverse Mortgage Volume Remains High, Securities Issuance Logs Another ‘Banner Month’

Home Equity Conversion Mortgage (HECM) endorsements remained relatively stable at recently-high levels in September of 2020, recording a drop of only 1.75% to 3,937 loans. This marks the first time since May that HECM volume fell below 4,000 loans, but still remains well above numbers observed between January and April of this year according to […]

Senior Housing Wealth Hits New Record High of $7.70 Trillion in Q2 2020

Homeowners aged 62 and older saw their collective housing wealth increase in Q2 2020 by 1.8% compared to the previous quarter. This constitutes an increase of approximately $134 billion to a record of $7.70 trillion, according to data provided by the National Reverse Mortgage Lenders Association (NRMLA) in conjunction with data analytics firm RiskSpan. The […]

Wholesale Reverse Mortgage Growth Outpaces Retail Volume Drop in July

Home Equity Conversion Mortgage (HECM) endorsements rose by 1.2%% in the month of July 2020, for a total of 4,254 loans according to the latest HECM Originators report from Reverse Market Insight (RMI). The rise comes in the midst of generally heightened reverse mortgage industry activity that has been taking place over the past few […]

HMDA Report Includes Private Reverse Mortgage Origination Data, Lenders Offer Perspective

The new Home Mortgage Disclosure Act (HMDA) data report released late last week by the Consumer Financial Protection Bureau (CFPB) includes origination volume data for proprietary reverse mortgage products during the 2019 calendar year. This is according to the report itself and independent verification by sources with knowledge of private product originations. The data offers […]

Reverse Mortgage Volume Dips Slightly in August, Though Remains High

Home Equity Conversion Mortgage (HECM) endorsements fell by 5.9% to 4,007 loans for the month of August 2020, a slight dip on the August numbers but still a high figure overall in emphasizing that the reverse mortgage business remains on strong footing during the COVID-19 coronavirus pandemic. This is according to the August HECM Lenders […]