Key reverse mortgage metrics saw an uptick in October even as business remains lukewarm
Briefly

from www.housingwire.com4 months ago
The Home Equity Conversion Mortgage (HECM) endorsements saw an 11.1% increase from September to October, indicating optimism in the reverse mortgage sector.
www.housingwire.comhttps://www.housingwire.com/articles/key-reverse-mortgage-metrics-saw-an-uptick-in-october-even-as-business-remains-lukewarm/
Jon McCue emphasized the correlation between Federal Housing Administration (FHA) case number assignments and the rise in HECM endorsements, predicting continued growth.
www.housingwire.comhttps://www.housingwire.com/articles/key-reverse-mortgage-metrics-saw-an-uptick-in-october-even-as-business-remains-lukewarm/
The geographic distribution of gains was generally positive, although the Southeast/Caribbean region saw a decline due to the impacts of recent hurricanes.
www.housingwire.comhttps://www.housingwire.com/articles/key-reverse-mortgage-metrics-saw-an-uptick-in-october-even-as-business-remains-lukewarm/
HMBS issuance reached $598 million in October, reflecting the largest monthly total since September 2023, showcasing recovering investor interest.
www.housingwire.comhttps://www.housingwire.com/articles/key-reverse-mortgage-metrics-saw-an-uptick-in-october-even-as-business-remains-lukewarm/
Read at www.housingwire.com
#reverse-mortgage #hecm #market-trends #fha #hmbs
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