The reverse mortgage industry is anticipating lower interest rates soon, but actual performance metrics show a mixed bag with declines in endorsements yet some accompanying positive trends.
RMI President John Lunde described the shifting metrics in HECM endorsements as a 'yo-yo' pattern, reflecting ongoing volatility between monthly gains and losses.
Despite a 3.3% decline in HECM endorsements from July to August, there was a notable 14.5% increase in the new borrower share, indicating a healthy pipeline for future activity.
The HECM-backed Securities issuance indicates strength, increasing by $44 million in August, underscoring investor confidence amidst a mixed performance in endorsement metrics.
[
Collection
]
[
|
...
]