Reverse mortgage metrics dipped slightly in June
Briefly

Mortgage rates rose to 7% after President Trump's tariff announcement but have since decreased to 6.91%. This fluctuation plays a role in the subdued reverse mortgage market. The Federal Housing Administration has not released recent HECM data, leading to unclear trends. While there has been a dip in overall production, certain cities like St. Louis and Pittsburgh have seen significant increases in loan volume. Among the top HECM lenders, some reported monthly gains, particularly Fairway Independent Mortgage Corp., while Finance of America led in the HMBS market with substantial loan amounts.
Mortgage rates have reached 7% following President Trump's tariff announcement, but have since fallen to 6.91%, impacting reverse mortgage activity.
HECM endorsements have dropped, but some markets like St. Louis and Pittsburgh are experiencing significant year-to-date volume increases, notably more than 2024's pace.
Despite a modest overall dip in production, four of the top ten HECM lenders saw monthly increases in June, with Fairway Independent leading the pack.
Finance of America dominated the HMBS market in Q2 2025, achieving a market share of 29.8% with an aggregate loan amount of $933 million across 149 pools.
Read at www.housingwire.com
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