Reverse Mortgage Jan-Feb 2021

Numbers A Closer Look at HECM Endorsements and HMBS Statistics Reports Indicate Strong 2020 32.6 percent Increase in volume from August to September at Open Mortgage, with 236 endorsements in September. AAG’s HMBS volume through the first three quarters of 2020, making it the No. 1 HMBS issuer. Its market share was 26 percent. $2 billion HMBS volume in 2017, the previous record. $883 million HMBS volume in September. $10.5 billion Source: RMI and New View Advisors Reports this past fall from Reverse Mortgage Insight (RMI) show that some companies were seeing rapid growth with HECM endorsements through the summer. And New View Advisors’ statistics were showing that HECMMortgage-Backed Securities (HMBS) were on track for a record year in 2020. 23.9 percent Finance of America Reverse’s August to September increase, with 394 loans. Half of the top ten lenders had improved endorsements in September. Liberty Reverse Mortgage’s August to September increase, with 256 loans. 50 percent 6.7 percent $7.6 billion Total HMBS volume in 2020 through September. New View Advisors reports that was on target for a record year. 36 REVERSE MORTGAGE / JANUARY-FEBRUARY 2021