Realistic Optimism? No matter how you slice it, HECM endorsement volumes are down- significantly. The first quarter of 2019 has 48% fewer endorsements than Q1 2018. Even when factoring in the lagging endorsements from the late 2018 rush to beat October 2, 2017, HECM changes– the trend is undeniable. HECM
Download the full report [pdf] The carry-over endorsements from January’s government shutdown have worked themselves through the system. This month’s endorsements show a 65% pull through from November’s HECM case number assignments. This report was compiled from data courtesy of Reverse Market Insight.
Reverse Mortgages & parental down payment assistance [Download transcript] It’s both a demographic and social phenomena. More parents are supporting their adult children, in many instances keeping them financially afloat according to a recent article in The Financial Brand. Many reverse mortgage originators have seen their borrowers use a