The government-backed Home Equity Conversion Mortgage is seeing proprietary products noticeably eat into its share of the reverse lending market, with the latter now providing much of the business momentum, according to new analysis. Processing Content Both HECM endorsements and secondary market issuances contracted on a year-over-year basis in July. New endorsements declined to 2,034, […]

Prices of existing homes rose in 80% of US metropolitan areas in the second quarter, as home values pick up pace after several months of weakness. Processing Content The figure is up from 71% that saw year-over-year increases in the first quarter, National Association of Realtors data released Tuesday showed. By region, the Northeast —