Recent sales of reverse mortgage servicing portfolios have consolidated securities, while higher interest rates are not yet slowing down refinances.
New View Advisors
A trio of reverse mortgage industry analysts offer thoughts about the new HECM lending limit, with cautious optimism on display.
Reverse mortgage volume and HMBS issuance recorded 2021 highs in December, making the year a solid performer in terms of loan production and securitization.
The NRMLA Board of Directors has re-elected co-chairs Scott Norman and Mike Kent to serve in the 2021-2022 term, alongside other returning officers.
While reverse mortgage volume fell very slightly in November, the month still had the second-highest volume of the year while HMBS issuance broke an all-time record.
Reverse mortgage endorsement volume and HMBS issuance had a stellar October, but the ongoing issue of excessive refinances could present an issue to this momentum in 2022.
Reverse mortgage refinance volume remains at nearly 50% of total endorsements, a trend that some have found alarming.
Reverse mortgage volume saw a sharp bump in September, wiping out August’s losses. Meanwhile, HMBS issuance is on track for a record year in 2021.
While reverse mortgage endorsements sharply declined in August, HMBS issuance remains high and could be on track to break another full-year record.
July brings yet another month of volume at over 4,000 loans, yet concern among analysts remains over reverse mortgage refinance activity.
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