Items Tagged with 'HECM DATA'

ARTICLES

  • Reverse mortgage data reveals solid spring comeback

    Endorsements grew 12.7% in April
    Last month, the reverse mortgage industry closed just over 2,500 loans, a mark it was consistently hitting when noise from the government shutdown was factored out of the equation. Many agreed this 36% low was likely the industry's new normal, but perhaps they spoke too soon.
    Read More
  • HUD: Reverse mortgage volume tanked in Q1

    Latest report paints troubling picture for HECMs
    Reverse mortgage volume has been on a rapid descent since program changes took hold in early 2018, and the trend doesn't appear to be slowing. The Department of Housing and Urban Development released its quarterly report to Congress on Monday on the state of the Federal Housing Administration's flagship Mutual Mortgage Insurance Fund, and its details on the flailing state of the reverse mortgage program are eye catching.
    Read More
  • Reverse mortgage volume soars, but don't be fooled

    143% uptick most likely post-shutdown catchup
    Reverse mortgage endorsements soared 142.7% in February, closing out the month with 4,002 loans, according to the latest data from Reverse Market Insight. But don’t be fooled – it's not the recovery of the industry's dreams, rather a likely result of catch-up after the 35-day government shutdown ground HECM endorsements to a halt.
    Read More
  • Here are the most popular cities for reverse mortgages

    California markets continue to reign supreme
    Reverse mortgage volume plummeted in the last year, but there are still a number of homeowners across the country who are selecting the loan to access their home equity. In parts of the country where home values are appreciating significantly, reverse lenders are finding success with homeowners looking to tap into the wealth in their homes. Here are the markets that recently closed the most reverse mortgages.
    Read More
  • 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%.
    Read More
  • Baseline stakes its claim in HECM space

    Offers reverse companies data and insight to fine-tune their business
    Analytics provider Baseline is staking its claim in the reverse mortgage space. The firm offers clients a deep dive into HECM data with origination trends, performance stats and endorsement info – and companies are taking note. Baseline launched two years ago, but it took time for the company to gain traction. Now, President Dan Ribler said it has picked up significant market share.
    Read More