A new survey conducted by AAG reveals some surprising statistics about the state of American retirement in the wake of the economic crisis caused by the COVID-19 coronavirus pandemic.
April 2021 proved to be a generally strong month for the reverse mortgage business, in spite of a very slight reduction in HECM volume. Still, one analyst cautions against excessive refinances on newly-originated HECMs.
Though wholesale and retail reverse mortgage volume dropped slightly in February, total monthly volume remains above 4,000 loans as a new player enters the top 10.
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.