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HECM Endorsements Rise 2.6%, Volume Expected to Increase

While volume remains low, overall Home Equity Conversion Mortgage endorsements rose by 2.6% in July, according to Reverse Market Insight’s most recent data. Up from 2,833 in June, lenders ... read more

May Reverse Mortgage Endorsements Surge 215%, Best Total in Over 2 Years

Home Equity Conversion Mortgage (HECM) endorsements surged dramatically upward in the month of May, totaling 5,038 loans and making for the best single monthly total in over two years. This is ... read more

HECM Endorsement Volume Up – NMP - National Mortgage Professional

August marked the second consecutive month for HECM endorsement volume growth, although it was also the third lowest total in the past 12 months. All 10 regions analyzed for this report saw growth ... read more

HECM Endorsements Are Moving On Up – NMP

Regionally, the Midwest was the only region with a decline in volume month-over-month. Additionally, NY/NJ was the only region down in September and made up for it in October, rising 38.1% to 145 ... read more

US pending home sales rose in July for the second month in a row

US pending home sales ticked up in July by 0.9%, rising for the second month in a row despite elevated prices and rising mortgage rates, according to a report released Wednesday by the National ... read more

Reverse mortgage volume, HMBS issuance see improvement in March - Yahoo Finance

HECM-backed Securities (HMBS) issuance also recorded stronger performance in March, rising to $447 million. That was up $18 million from the $429 million figure in February, according to Ginnie ... read more