Items Tagged with 'HECM ENDORSEMENTS'

ARTICLES

  • Government shutdown halts reverse mortgage endorsements

    FHA's limited operations to impact HECM lending
    With the government shutdown approaching the two-week mark, reverse mortgage endorsements have ground to a halt. The FHA released a notice stating it will not be making insurance endorsements for HECM loans during the shutdown, and lenders with issues regarding the second-appraisal protocol will be out of luck.
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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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  • New HECM data shows bumpy road to recovery

    In September, volume dropped while competition grew
    In August, reverse mortgage endorsement volume grew 9.9%. Some HECM professionals looked at this data and said, “Finally! The market is showing signs of recovery!” Not so fast. In September, endorsement volume fell – by exactly 9.9%. “We should always expect bumpiness in recoveries,” said Reverse Market Insight’s John Lunde, “particularly when we're looking at endorsements.”
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