The reverse mortgage market appeared to recover in July after dipping in June, according to Home Equity Conversion Mortgage (HECM) endorsement data compiled by Reverse Market Insight (RMI) that was released late last week.

HECM endorsements rose 5.6% in July to 2,369 loans, the highest level recorded since February 2025. HECMs also saw regional gains that reversed last month’s weakness, with seven of 10 regions showing gains. RMI found that the Midwest added 19.8% to 194 loans, while New England grew 19.8% to 109 loans and the Southeast/Caribbean gained 12.1% to 536 loans.

Last month, Jon McCue of RMI said that details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com