HECM Endorsements Jump in August, But Rule-Change Bump Still in Future

Reverse mortgage endorsements jumped 15.8% between July and August, with solid gains on both the retail and wholesale sides, but it’s still too early to see the effects of the recent mortgagee letter on actual origination demand. Home Equity Conversion Mortgage originators — including those approved by the Federal Housing Administration and their non-approved counterparts […]

Industry Set to Endorse 53K to 57K Reverse Mortgages in 2017

The Home Equity Conversion Mortgage industry is on pace to beat a disappointing 2016, with a new projected endorsement total of 53,000 to 57,000 loans through the end of the year. That would be more in line with totals seen in 2014 and 2015, according to an analysis from Reverse Market Insight. The industry suffered […]

Reverse Mortgage Endorsements Decline Again, But Show Growth at Top

Monthly reverse mortgage endorsements continued to decline after a promising early spring, though most top-10 lenders had a reason to celebrate their performance in May. Home Equity Conversion Mortgage lenders turned in 4,851 total endorsements for the month, according to the most recent breakdown from Reverse Market Insight. That’s a dip of 3.6% from April’s […]

Reverse Mortgage Securities Volume on Pace to Beat 2016

Issuers of Home Equity Conversion Mortgage-backed securities (HMBS) are on pace to beat their 2016 figures despite a lack of seasoned loan pools, according to the latest data from New View Advisors. “Despite the much-reported slowdown in HECM endorsements, HMBS issuance remains robust, aided by growth in tail issuance and without highly seasoned pools,” the […]

Reverse Mortgage Endorsements Trickling Downward, Still at Post-FA Highs

Home Equity Conversion Mortgage endorsements fell by 3.6% from April to May, according to the latest data from Reverse Market Insight. The Dana Point, Calif.-based research firm counted 4,854 reverse mortgage endorsements among Federal Housing Administration-approved lenders last month, down from 5,036 in April and March’s recent record high of 5,364. The slow but steady […]

The Top-Ranked HMBS Issuers Midway into 2016

With the first six months of the year in the books, the rankings are now in for the top issuers of HECM mortgage-backed securities (HMBS), according to the most recent HMBS market commentary from New View Advisors. American Advisors Group (AAG) continued to lead HMBS issuers for the first half of 2016 with an estimated $955.2 […]

March Reverse Mortgage Volume Dips 1% as Industry Strives for Comeback

Following a more than 17% gain in volume during February, Home Equity Conversion Mortgage endorsements dipped a mere 1% in March as lenders continue to play “catch-up” on volume from previous months, new industry data suggests. HECM endorsements totaled 4,535 loans in March, down from February’s rebound of 4,579 units, according to the latest data […]