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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
March bounced back from the short February, rising 16.3% to 2,117 loans, although that remains below every month since August (if we average Oct/Nov due to the shutdown). That continues
February is a short month every year, which also typically means fewer HECMs endorsed. Last month was no exception, dropping -20.7% to 1,821 loans, but the size of that drop
The good HECM news is that endorsements grew 5% last month to 2,295 loans. The bad news? Both December and January were well below the figures from a year ago,
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