HECM endorsements rise to highest level since February
The 10-year CMT saw a decrease that spurred a rise in HECM endorsements, leading to 3,784 applications in April. This increase is linked to past interest rates.
Reverse mortgage performance was largely steady in May
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.
White House expects reverse mortgages to keep performing
The guaranteed loan subsidy rate for HECMs was -2.87% in 2024, indicating program receipts exceeding costs, thus benefiting taxpayers instead of requiring subsidies.
The dispute over HECM-backed Securities (HMBS) tails did not override Ginnie Mae’s authority over mortgages, a ruling expressed by Judge Matthew Kacsmaryk on April.
Reverse mortgage pros head to California for first event of 2025
Our one-day regional meetings are designed to maximize participation while being mindful of costs and time commitments, making them attractive to industry professionals.
