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HECM Endorsements Down 31.4 Percent
Endorsements for Home Equity Conversion Mortgages (HECM) plummeted by 31.4 percent in December to a second consecutive low point, according to new data published by Reverse Mortgage Insight (RMI)
Endorsements for Home Equity Conversion Mortgages (HECM) plummeted by 31.4 percent in December to a second consecutive low point, according to new data published by Reverse Mortgage Insight (RMI).   “This month’s drop looks a lot more like our worst case scenario, which is that it’s something else... Keep Reading....
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Housing wealth for homeowners 62 and older grew to $6.9 trillion during the second quarter, according to data from the National Reverse Mortgage Lenders Association (NRMLA)/RiskSpan Reverse Mortgage Market Index (RMMI). This represents a $130 billion in senior home equity from the first quarter.  ... more
Sales activity for home equity conversion mortgages (HECM) fell during the first five months of the year, according to new data from Reverse Mortgage Insight
   Kroll Bond Rating Agency (KBRA) has published “Five Things to Know About Reverse Mortgages,” a free guide designed to explain the nuances of this product sector.   “Because of recent changes which lowered the proceeds level of FHA-Insured HECM reverse mortgages, many originators focused on HECM... more
RiskSpan, an Arlington, Va.-based mortgage data analytics provider, has added home equity conversion mortgage data to the dataset library on its RS Edge Platform
 RiskSpan, an Arlington, Va.-based mortgage data analytics provider, has added home equity conversion mortgage data to the dataset library on its RS Edge Platform.   According to the company, the new HECM dataset includes over half a billion records from Ginnie Mae that will expand the RS Edge... more
Peru flag
   What’s the latest market for reverse mortgages? Believe it or not, it’s Peru.   According a report in BNAmericas, Peru's finance ministry introduced secondary legislation that defines the basic tenets of the country's new reverse mortgage law. This legislation will cover the rights and... more

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