Reverse Mortgage Securities Market Boomed in December 2017
The reverse mortgage securities market boomed at the end of December 2017 to mark a record high. According to reports, the record high was the largest number of issuance in eight years.
"HMBS firms generated 106 loan pools for a total of $1.35 billion, outpacing $1 billion in payoffs — the first time in 15 months that issuance exceeded payouts, according to the most recent analysis from New View Advisors," according to Reverse Mortgage Daily.
"Those 106 loan pools were divided evenly between 53 original and 53 'tail' pools."
New View Advisors also completed analysis that showed a spike before October 2, when the reverse mortgage industry underwent a slight overhaul.
To learn more about these numbers as well as the strong quarterly numbers from 2017, click on the image above.