While reverse mortgage endorsements sharply declined in August, HMBS issuance remains high and could be on track to break another full-year record.
A new HMDA data analysis by the CFPB dives into 2020 in reverse mortgage originations, as well as a tabulation of the top 10 lenders for the year. Meanwhile in June 2021, wholesale outperformed the retail channel.
More reverse mortgage industry professionals share their appraisal of the current boom in refinances, and how long – or short – it may be.
July brings yet another month of volume at over 4,000 loans, yet concern among analysts remains over reverse mortgage refinance activity.
A reverse mortgage industry analyst discusses how the business can expand through a long-term focus and new distribution efforts, and what reverse professionals need to keep in mind about the broader mortgage market.
Industry analyst John Lunde describes for a reverse mortgage audience why reverse mortgage penetration in the broader market remains low, and how an influx of refinances may contribute to that figure.
Breaking out retail and wholesale reverse mortgage endorsement volume from May 2021, it’s clear that the retail side was dominant in a new data release from Reverse Market Insight (RMI).
Reverse mortgage industry performance data for new endorsement volume and securities issuance are generally strong, though a shadow of concern may be starting to develop in the trends according to analysts who spoke with RMD.
HECM for Purchase (H4P) continues to be a “niche within a niche” in the reverse mortgage industry, so RMD caught up with representatives from major lenders and an industry analyst to try and take the temperature of how that variation is performing in 2021.
Reverse mortgage endorsement volume and securities issuance saw a noticeable rise in May according to data analysts, but it comes with the continued caveat about high levels of refinance volume bolstering the industry.