After a few months of downward data in its performance metrics, the reverse mortgage industry saw a slightly different story play out in March that should come as welcome news.

Home Equity Conversion Mortgage (HECM) endorsements increased 8.3% to 2,058 loans in March, an increase helped by new case numbers and slightly telegraphed by recent industry sentiments, according to data compiled by Reverse Market Insight (RMI).

HECM-backed Securities (HMBS) issuance also recorded stronger performance in March, rising to $447 million. That was up $18 million from the $429 million figure in February, according to details ⇒

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