#hecm

#hecm

There has not been a lot of growth in the HECM space, Mayer said. New originations have almost entirely been driven by what the 10-year rate is in the market. HECMs go up when the 10-year rate goes down, and HECMs go down when the 10-year rate goes up. I do think we're going to see some growth in the HECM space in 2026, but the bulk of it is in proprietary products.

It specifically wants to reduce paperwork and increasing borrower flexibility while maintaining protections against defaults. NRMLA wrote that since its introduction in 2015, the HECM financial assessment has helped reduce reverse mortgage foreclosures due to property tax and insurance defaults. NRMLA said it supports maintaining FA's effectiveness, but it asks for streamlining procedures, reducing documentation burdens, and aligning HECM underwriting with FHA's forward mortgage program.

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.

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.

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