Growing card and HELOC balances put reverse mortgages back in focus
Rising credit card and home equity line balances are adding pressure for older homeowners, reviving attention on reverse mortgages and their flexible, voluntary payment structure.
Topic: #ReverseMortgages
4 storiesReporting and analysis grouped around #ReverseMortgages.
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Fairway’s Christine Jensen addresses HECM reform and borrower misconceptions
Fairway’s Christine Jensen examined HECM policy questions and persistent borrower misunderstandings, focusing on upfront insurance costs, second appraisals and retirement planning considerations.
HECM originations fall to their lowest level since April 2020
Federal reverse-mortgage endorsements reached 1,790 in September, while Home Equity Conversion Mortgage-backed securities issuance fell 17% to $446 million, pointing to weaker activity across the sector.
Atlantic Avenue leads July HECM broker endorsements as market activity weakens
July broker endorsement data shows familiar leaders retaining their positions in the HECM market, with Atlantic Avenue surpassing 1,000 loans on a rolling 12-month basis as overall activity heads for a historic low.