Reverse Mortgage Market ‘Stronger Than Ever,’ July Data Shows

Reverse Mortgage Daily, Aug. 3, 2020–Chris Clow
The production of new Home Equity Conversion Mortgage (HECM)-backed securities (HMBS) totaled approximately $1.42 billion in July as continuing capital markets recovery and low interest rates fueled strong new production and a large seasoned pool, making for the highest issuance level since February 2018. This is according to publicly available Ginnie Mae data and private sources compiled by New View Advisors.