The reverse mortgage industry experienced a slowdown in its key performance metrics as the summer season began. This downturn was particularly evident in the Home Equity Conversion Mortgage (HECM) endorsement and Home Equity Mortgage-Backed Securities (HMBS) issuance numbers. Key points from this development include:
– HECM endorsement numbers decreased, indicating a potential decrease in reverse mortgage originations.
– HMBS issuance performance lagged, suggesting a slowdown in the securitization of reverse mortgage loans.
– The industry will need to closely monitor these metrics to assess the impact of this slowdown on the overall reverse mortgage market.
As the reverse mortgage industry navigates these challenges, stakeholders will need to closely monitor market trends and adjust strategies accordingly to adapt to changing conditions. The industry may need to explore innovative solutions to stimulate growth and overcome these performance hurdles in the coming months.
You can read this full article at: https://www.housingwire.com/articles/reverse-mortgage-volume-securities-issuance-declines-in-june/(subscription required)
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