The reverse mortgage industry is experiencing volatility, highlighted by a 0.7% increase in HECM endorsements amid falling HMBS issuance, indicating mixed market conditions.
John Lunde from RMI emphasized that rising mortgage rates could put downward pressure on HECM endorsements, forecasting a drop to around 2,000 monthly endorsements as rates impact upcoming figures.
Despite mixed signals, the Southeast/Caribbean region saw a significant 19.7% increase in HECM endorsements, contrasting with overall market fluctuations and regional performance variations.
The largest gains among HECM lenders were recorded by Guild Mortgage, Plaza Home Mortgage, and Liberty Reverse Mortgage, indicating competitive dynamics within the industry.
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