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 […]

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 […]

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 […]

Friday is finally here. Only a few hours stand between you and the extended holiday weekend. RMD would like to wish all of its readers an enjoyable Columbus Day! Our office will be closed in observance of the holiday on Monday, October 10 and will resume our regular posting schedule Tuesday, October 11. But before […]

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 […]

As a whole, HECM endorsement volume for March was mostly flat. However, there were several lenders who saw significant growth during the month. Since February, retail saw an increase of .9% and wholesale saw a decrease of 3.9%, according to a recent data release from Reverse Market Insight. The total endorsement growth for both retail […]

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 […]