Wholesale Reverse Mortgage Channel Drops With Retail in January

Primarily echoing previously recorded numbers among government-approved lenders, Home Equity Conversion Mortgage (HECM) endorsements dropped slightly in January, with total endorsements falling 5.7 percent to a total of 1,649 loans, according to the latest data from Reverse Market Insight (RMI). However, some lenders managed to buck the downward trend by posting positive gains. The HECM […]

Reverse Mortgage Endorsements Rocket Upward in February

Home Equity Conversion Mortgage endorsements jumped 142.7 percent to 4,002 loans in the month of February. While that level of increase is enough to turn anyone’s head, it’s still difficult to tell if the increase observed is correcting after the 2018-19 partial federal government shutdown clouded endorsement figures for January, said Reverse Market Insight president […]

Wholesale Reverse Mortgage Channel Hit Hard in December

Largely echoing previous numbers among government-approved lenders, Home Equity Conversion Mortgage (HECM) endorsements continued to drop in December, with total endorsements falling 31.4 percent to a total of 1,749 loans, according to the latest data from Reverse Market Insight (RMI). The HECM Originators report for December 2018 shows the losses afflicted on both retail and […]

Confronting Four Reverse Mortgage Misconceptions

An opponent of reverse mortgage products recently wrote two columns at Forbes discussing reasons that the business should be avoided, and that potential borrowers searching for ways to fund their retirements would be better served by exploring other financial options. RMD reached out to Professor Teresa Ghilarducci from The New School’s department of economics to […]

Forbes Offers Reasons to Avoid Reverse Mortgages

There are at least four major reasons that potential borrowers should avoid taking a reverse mortgage, according to economics professor Teresa Ghilarducci of The New School based in New York, N.Y. in a new column at Forbes. While admitting that reverse mortgages may work for some, she says that is not true of everyone. However, […]

Reverse Mortgage Retail Outpaces Wholesale to Start 2015

Home Equity Conversion Mortgage (HECM) originators began 2015 on an even keel, sustaining endorsement volumes in January after ending the prior year with a spike, according to the latest Reverse Market Insight (RMI) report. Retail outpaced wholesale to end the year, contributing to an overall 12.1% increase in HECM endorsements between November and December, RMI notes. And though […]

Reverse Mortgage Interest Surges, Could Double as March 2 Approaches

The reverse mortgage industry is seeing a surge in borrower interest — from a 21% increase in counseling sessions to an uptick in phone calls from concerned borrowers — and some say the resulting loan volume could surpass record highs. As the March 2 Financial Assessment (FA) implementation date draws near, industry analysts are tracking […]