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If there’s one thing we were hoping to see these last few months, it’s an increase in application volumes back to something approaching ‘normal’. While the absolute level in February is nothing to cheer, the uptick from January’s depressed levels made quite a few of us happier than should be allowed for such a low […]
Hope everyone had a great weekend and is either enjoying a relaxing holiday or at least enjoying the reduced distractions if you are sneaking in some work today! We thought our readers might be interested in an update to our graph of application trends since the principal limit reductions. Without further ado, here it is:
In hindsight, the easiest piece of forecasting all year might have been to predict that we wouldn’t get a chance to publish our follow up piece on forecasting until December given the recent NRMLA conference at the end of November. Better late than never as the saying goes, and it couldn’t be more true.
A New […]
Our Retail Leaders report for August, 2009 is now available. Overall industry volume fell 9% from July, coming in at 8,933 units for the month, and bringing the YTD volume to 77,657.
The devil is in the details, however. If you look at the charts on Page 2, you’ll see what we mean: the number of […]
As you all no doubt have noticed, the $798 million FY 2010 HUD subsidy request for the HECM program is the story that won’t (and shouldn’t) die. We just read another interesting article over at Reverse Mortgage Daily and since we don’t mind stirring the pot a bit occassionally, thought we’d chime […]
After a great deal of interest around the industry from our recent post on HUD’s FY2010 subsidy request for the HECM program, some friends in the industry have been kind enough to help clarify some questions we raised in the original post.
In the original piece we offered several possible perspectives for understanding […]
We periodically receive questions about various HECM rate types and how prevalent they are in the marketplace. One of the specific questions we’ve seen resurrected lately has to do with fixed rate HECMs and just how much market share they have in the reverse mortgage industry.
The short answer is that it’s a surprisingly small amount […]
If you haven’t seen the recent Obama budget request for $800 million for the HECM program, the basics have been covered well over at RMD. What you might still be wondering though, is what does it really mean and how can the numbers possibly be that large. We’ll tackle […]
Our industry has seen quite a few margin increases in the past year or more, such that even with historically low index rates the higher margins are starting to reduce upfront funds available to seniors. We’re all aware of the consumer impacts, but what may be less intuitive is that margin increases […]
It struck me the other day that we don’t talk nearly enough about applications here, especially since most of the endorsement information we do talk about is generally 1-3 months delayed from funding. We’ll certainly correct that and look for ways to put more application information in our reports, but the truth is that there […]
