April HMBS issuance rises to $525 million, HECM dips
U.S. reverse mortgage endorsements declined slightly in April as proprietary products continued to gain traction in parts of the market, according to data released on May 1 by Reverse Market Insight (RMI). Home Equity Conversion Mortgage (HECM) endorsements fell 1.4% from March to 2,088 loans in April, reflecting continued pressure on the government-backed reverse mortgage […]
April HMBS issuance rises to $525 million, HECM dips Read More »