The reverse mortgage market, as analyzed by HECM endorsement data from Reverse Market Insight, shows stability, primarily due to increased home values despite interest rate constraints affecting principal limits. John Lunde of RMI notes that origination volumes have decreased, especially regarding refinances, which complicates sales. However, GoodLife Home Loans is expanding into retail, bringing fresh momentum. Lunde expresses optimism about their potential impact on the market. Looking ahead to 2025, he remains cautiously bullish about recovery compared to previous post-pandemic years, despite acknowledging existing challenges.
Lunde's hypothesis suggests stability in reverse mortgage business is due to rising home values, despite recent interest rate shifts that restrict principal limits for borrowers.
Retail reverse mortgage origination sees new entrants like GoodLife Home Loans, which plans to scale its retail division, indicating positive momentum in the industry.
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