August’s Slight Reverse Mortgage Volume Drop Led by Wholesale Segment

Home Equity Conversion Mortgage (HECM) endorsements fell by 6% in the month of August 2020, for a total of 4,007 loans according to the latest HECM Originators report from Reverse Market Insight (RMI). The fall comes in the midst of generally heightened reverse mortgage industry activity that has been taking place over the past few […]

September Reverse Mortgage Volume Remains High, Securities Issuance Logs Another ‘Banner Month’

Home Equity Conversion Mortgage (HECM) endorsements remained relatively stable at recently-high levels in September of 2020, recording a drop of only 1.75% to 3,937 loans. This marks the first time since May that HECM volume fell below 4,000 loans, but still remains well above numbers observed between January and April of this year according to […]

Wholesale Reverse Mortgage Growth Outpaces Retail Volume Drop in July

Home Equity Conversion Mortgage (HECM) endorsements rose by 1.2%% in the month of July 2020, for a total of 4,254 loans according to the latest HECM Originators report from Reverse Market Insight (RMI). The rise comes in the midst of generally heightened reverse mortgage industry activity that has been taking place over the past few […]

What Rising Reverse Mortgage Refinances Could Mean for the Industry

Refinance transactions are commonplace in the broader world of mortgages, and they appear to be increasingly common for the reverse mortgage industry. As low interest rates continue to fuel mortgage production generally, many reverse mortgage borrowers have become interested in refinances to take advantage of the current low-rate environment. Interest in this kind of activity […]

Reverse Mortgage Volume Dips Slightly in August, Though Remains High

Home Equity Conversion Mortgage (HECM) endorsements fell by 5.9% to 4,007 loans for the month of August 2020, a slight dip on the August numbers but still a high figure overall in emphasizing that the reverse mortgage business remains on strong footing during the COVID-19 coronavirus pandemic. This is according to the August HECM Lenders […]

Fed’s New Approach to Inflation Could Benefit Reverse Mortgage Industry

The Federal Reserve will be instituting a major shift in its posture toward achieving economic stability, maximum employment and manageable inflation according to a Thursday announcement by Chairman Jerome Powell. This signals an approach that could mean the Fed will no longer raise interest rates in its efforts to keep the unemployment rate low, and […]

Wholesale and Retail Reverse Mortgage Volume Dips in June, but Remains Strong

Home Equity Conversion Mortgage (HECM) endorsements fell by 16.4% in the month of June 2020, for a total of 4,203 loans according to the latest HECM Originators report from Reverse Market Insight (RMI). The fall came on the heels of a massive endorsement spike observed in May, and still accounted for the second highest endorsement […]

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 […]

May’s ‘Dramatic’ Reverse Mortgage Volume Recovery Led by Retail

Home Equity Conversion Mortgage (HECM) endorsements rose dramatically by 214.8% in the month of May 2020, for a total of 5,027 loans according to the latest HECM Originators report from Reverse Market Insight (RMI). The rise was led by the retail endorsement segment of business, which experienced an increase of 235.5% that month, while wholesale […]

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 […]