HECM, HMBS activity falls sharply in February
Home Equity Conversion Mortgage (HECM) endorsements fell sharply in February, continuing a broader slowdown in the reverse mortgage industry. The total number of HECMs endorsed during the month dropped 20.7% to 1,821 loans. While February’s shorter calendar often results in fewer endorsements, the size of the decline suggests additional pressures weighed on sales volume, according […]
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