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 […]

The number of active Home Equity Conversion Mortgage-backed securities (HMBS) issuers has hit a new record, according to the most recent data from New View Advisors. Through the first nine months of 2017, American Advisors Group led a cohort of 16 HMBS issuers as the industry remains on pace to beat 2016’s numbers: In all, […]

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 […]

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 […]