HECM Wholesale and Retail Channels Drop Evenly in March

Home Equity Conversion Mortgage (HECM) endorsements saw a sharp drop of 35.7 percent in March across the wholesale and retail channels, settling at 2,573 loans according to the latest data from Reverse Market Insight (RMI). The drop in those endorsements across both channels is likely indicative of a return to more stable levels on the […]

Spring Brings a Rise in Reverse Mortgage Endorsements

Home Equity Conversion Mortgage (HECM) endorsements rose by a figure of 12.7 percent to 2,901 loans for the month of April 2019. This figure is the first in several months not to be accompanied by the disruptive statistical noise generated by the 2018-19 partial federal government shutdown, according to the April HECM Lenders report compiled […]

Wholesale and Retail Reverse Mortgage Channels Jump in February, Shutdown Backlog Ends

Home Equity Conversion Mortgage (HECM) endorsements saw a significant jump in February, with total endorsements rising 142.6 percent to a total of 4,000 loans, according to the latest data from Reverse Market Insight (RMI). However, the pronounced spike in endorsements across both the retail and wholesale channels is likely indicative of the remaining effects from […]

March Data Reveals New Normal For Reverse Mortgage Volume

When looking at the raw data, Home Equity Conversion Mortgage (HECM) endorsements seemed to drop sharply by a figure of 35.7 percent, to 2,573 loans for the month of March 2019. When looking more closely at the details, though, the figure is actually much closer to the average observed between December and February, according to […]

Financial Planner Takes Aim at Reverse Mortgages, Industry Expert Responds

Prominent financial planner Jill Schlesinger, who has a historical track record of questioning the viability of reverse mortgage products, has highlighted what she views as their deficiencies in a new radio appearance promoting her new book. However, reverse mortgage expert John Lunde, president of Reverse Market Insight (RMI), finds flaws in the reasoning behind some […]

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, […]