Reverse mortgage volume, securities issuance fall in February
Housing Wire
MARCH 6, 2024
” HMBS issuance will have a fairly long road to recover to 2023 levels, which were already severely reduced from the record-setting issuance of 2022 brought about by elevated HECM-to-HECM refinance activity during the COVID-19 pandemic. .” Home Equity Conversion Mortgage (HECM) endorsements fell 11.8% That was down 3.6%
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