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“Cash is king”
“He who has the gold makes the rules”
These two well-worn sayings accurately capture the current state of the reverse mortgage industry, as both warehouse lines and secondary market liquidity continue to be under pressure for the reverse mortgage corner of the market. In many ways this seems entirely
HECM endorsements rose 7.2% in September to 2,211 loans, bouncing back from a weak August total. The regions were generally higher, with 6 of the 10 showing gains: The top
HECM endorsements declined -2.3% to 2,243 loans in June, as May proved to be an one month blip. As we have seen so many times in the past, the Wholesale/broker
HECM endorsements rose 5.6% in July to 2,369 loans, the highest level since February. The regions reversed last month’s weakness, with 7 of the 10 showing gains: The top 10
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