In October 2024, HECM endorsements rose by 11.3% to 2,392 loans, reflecting a positive momentum in the reverse mortgage market consistent with ongoing economic assessments.
HECM case number assignments increased 17% to 4,331 in October, marking the highest level in over two years, particularly vital as it signals future loan volume possibilities.
The growth of equity takeout cases, which rose 18.1% to 3,399, illustrates a strategic shift in the reverse mortgage industry post-pandemic, focusing on sustainable growth.
While HECM for Purchase loans slightly dropped to 167 cases, their persistent underperformance highlights ongoing challenges in capturing a more significant market share.
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