Non-Borrowing Spouse Scenario Sheds Light on Reverse Mortgage Misunderstandings

Multiple high-profile news articles that have appeared in different media outlets this year have highlighted the continued difficulties faced by the reverse mortgage industry in terms of protections in place for non-borrowing spouses (NBS), oftentimes including information that is either incomplete, out-of-date or both. Two reverse mortgage industry experts offer their perspectives on this issue […]

HECM Endorsements Settle into ‘Default Setting’ in June

Home Equity Conversion Mortgage (HECM) endorsements dropped slightly by 5.6 percent to 2,546 loans for the month of June 2019, which indicates that the endorsement levels have started to settle into a more recognizable field of relative normality. This is according to the June HECM Lenders report compiled by Reverse Market Insight (RMI). “[This recorded […]

April Wholesale Growth Outpaces Retail Reverse Mortgage Endorsements

Home Equity Conversion Mortgage (HECM) endorsements saw rise of 12.7 percent in April, hitting a threshold of 2,899 loans according to the latest data from Reverse Market Insight (RMI). Interestingly, while retail endorsement growth experienced a hike of 6.5 percent that month, wholesale growth easily outstripped it by growing at a rate of 21.2 percent. […]

Reverse Mortgage Endorsements See a Slight Drop in May

Home Equity Conversion Mortgage (HECM) endorsements dropped slightly by 7 percent to 2,697 loans for the month of May 2019, indicating remaining uncertainty in the marketplace after encouraging endorsement figures posted last month. This is according to the May HECM Lenders report compiled by Reverse Market Insight (RMI). “[This drop reinforces] the lumpiness and uncertainty […]

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 […]