Items Tagged with 'One Reverse Mortgage'

ARTICLES

  • How many borrowers are taking out jumbo reverse mortgages? No one really knows

    The industry avidly tracks HUD-endorsed HECMs, but it's sorely lacking cross-lender data on non-agency reverses
    For the last several months, data on reverse mortgage volume has illustrated a steady descent as the industry has struggled to regain its footing in the wake of program changes. But does this tell the whole story? Five lenders now originate proprietary reverse mortgage products. But the problem is they all decline to offer specifics on volume, so there’s no way to tell just how many of these non-agency loans the industry is collectively closing.
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  • Reverse mortgage data details industry-wide volume plunge

    Wholesale endorsements suffer greatest decline at 34%
    Reverse mortgage volume plummeted a staggering 31.4% in December, closing out the month with just 1,749 loans and ending the year on a rather sour note. A new report from Reverse Market Insight breaks down the numbers, revealing that wholesale endorsements suffered the greatest loss at 34.4%, as many of the top lenders saw volume dip by as much as 46%.
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  • A look back at 2018's HECM highlights

    Recapping the major reverse mortgage news of the year
    It's been a tumultuous year for the reverse mortgage industry, but that's really nothing new for those who make their living in this line of work. No stranger to change, the HECM space witnessed a good amount of action this year. We've compiled a rundown to give you a review of all that's happened in 2018.
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  • Reverse mortgage volume recovers slightly

    October sees endorsements climb 7.4%
    The reverse mortgage market continues its uneven recovery after taking a sizable hit from program changes issued last year. The latest report from analytics provider Reverse Market Insight shows that endorsements were up 7.4% to 3,087 loans in October, following a bumpy trajectory that has been the pattern as of late.
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  • More borrowers turn to proprietary reverse mortgages

    Lenders report growing interest in non-agency reverses
    For years, 95% of the reverse mortgage market has been dominated by the FHA's HECM offering. But it looks like that's about to change. Now, borrowers can take a reverse mortgage on a higher priced home and choose from a selection of products with a number of interesting features offered by five different lenders, and lenders say consumer interest is strong.
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  • Reverse mortgage market closes out October with positive gains

    But analyst warns recovery will be slow and uneven
    Reverse mortgage volume inched upward last month, continuing its uneven road to recovery after a rough year. According the latest HECM Lenders report from Reverse Market Insight, endorsement volume rose 7.3% in October to 3,091 loans. "We are expecting a very slow and lumpy growth for the foreseeable future in HECM volumes," said RMI President John Lunde.
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  • Latest reverse mortgage data points to continued recovery

    Both wholesale and retail channels see growth
    For the first time since the last year’s program changes kicked in, the HECM industry saw growth in both its retail and wholesale channels, according to the latest report from Reverse Market Insight. RMI President John Lunde said the data "sets the stage for future growth and recovery."
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  • Here are the top 10 reverse mortgage lenders

    And these are the different approaches they’re taking to survive the down market
    The reverse mortgage industry has taken a bit of a beating in the past year following significant program changes from HUD, but HECM lenders are nothing if not resilient. We’ve compiled a list of the top 10 players in the space and a summary of the approach each has taken to stay afloat in the current climate.
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  • HECM volume inches upward

    Latest data shows signs of slow recovery
    It’s been a tough year for the reverse mortgage space. Next week marks the one-year anniversary of the implementation of changes to the HECM program that shook the industry to its core, significantly slashing loan volume. But the latest report from analytics provider Reverse Market Insight shows that recovery is in the works, even if the pace is slow.
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  • HECM data suggests worst may be over

    Volume sees second month of consecutive growth
    Reverse mortgage endorsements rose 9.9% from July to August, according to the latest data from analytics firm Reverse Market Insight. The slight uptick marks the second month of growth for the industry, and it may be a sign that the market is finally forging a path toward recovery.
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