Reverse Mortgage Endorsements Increase

Reverse mortgage endorsements have picked up speed this year according to Reverse Market Insight. Last month, reverse mortgage volume increased 19.8%, averaging 5,061 loans, the highest average seen since August 2013. According to data, reverse mortgage activity was significantly down in November and December, and many experts think the boost in endorsements could be due to the recent rule changes made to the program. The New England region saw a 59% increase and the Pacific/ Hawaii region experienced a 27% increase, the largest monthly endorsement volume gains in the nation. More here

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