Reverse Mortgage Market ‘Stronger Than Ever,’ July Data Shows

The production of new Home Equity Conversion Mortgage (HECM)-backed securities (HMBS) totaled approximately $1.42 billion in July as continuing capital markets recovery and low interest rates fueled strong new production and a large seasoned pool, making for the highest issuance level since February 2018. This is according to publicly available Ginnie Mae data and private […]

Origins: How a Modern Reverse Mortgage Trailblazer Shaped the Industry

Finding a product category that could be both served and shaped by someone’s unique experience in mortgage and corporate finance and capital markets would not be an easy thing for any professional to do, but that’s what New View Advisors partner and co-founder Joe Kelly saw with the reverse mortgage product category. Over the course […]

June Reverse Mortgage Volume Remains High, HMBS Could Indicate Stronger 2020

Home Equity Conversion Mortgage (HECM) endorsements fell 16.5% in June, however given the fact that the figure recorded in May was the highest the industry has seen in two years, the overall drop is modest and means that the June figure is still the second highest monthly total recorded in a year. Additionally, HECM-backed Securities […]

May Reverse Mortgage Endorsements Surge 215%, Best Total in Over 2 Years

Home Equity Conversion Mortgage (HECM) endorsements surged dramatically upward in the month of May, totaling 5,038 loans and making for the best single monthly total in over two years. This is according to data released by the Department of Housing and Urban Development (HUD) and compiled by Reverse Market Insight (RMI) and New View Advisors. […]

Reverse Mortgage Volume Plummets in April Amid COVID-19 Crisis

Reverse mortgage endorsement volume fell sharply in April amid the COVID-19 crisis that continues to derail the U.S. economy and impact businesses and households in unprecedented ways. Yet the downturn in Home Equity Conversion Mortgage volume — which posted a 45% decrease to 1,601 loans during the month — does not tell the full story, […]

Pandemic Reverse Mortgage Draws on Par with Previous Economic Shocks

In spite of the prevailing perception that Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) issuers feared big draws on HECM lines of credit in March in the immediate aftermath of the COVID-19 coronavirus emergency in the United States, data released by the Government National Mortgage Association (GNMA, or “Ginnie Mae”) does not reflect that as […]

Reverse Mortgage Potential Remains High in a Post-Coronavirus Future

When it comes to the global economic impact of the COVID-19 coronavirus pandemic, no business sector has been sheltered. While service, hospitality and travel industries are making headlines for particular hardship being faced by the pandemic, the economic ripple effect stemming from this outbreak is sure to reach every corner of the global economy to […]

Reverse Mortgage Capital Markets Stabilizing Post-Coronavirus Shock

Reverse mortgage capital markets were not spared from the economic impact of the COVID-19 coronavirus pandemic shortly after a national emergency was declared in the United States. However, new data on secondary market trading of Home Equity Conversion Mortgage (HECM)-backed securities (HMBS) appears to be showing increasing signs of stability, potentially signaling that additional stability […]

Reverse Mortgage Endorsements Dip in March, COVID-19 Impact Not Yet Reflected

Home Equity Conversion Mortgage (HECM) endorsements decreased by 14% to 2,913 loans for the month of March 2020, continuing the slight dip compared to the prior month. The majority of the top 10 lenders recorded endorsement decreases, while 9 of 10 tracked regions were down, as well. This is according to the March HECM Lenders […]