Reverse mortgage industry performance metrics have continued their soft trend into the third month of the year, though activity in the secondary market was slightly higher than the month prior.

Home Equity Conversion Mortgage (HECM) endorsements fell in March based on rate increases observed in the late period of 2024, while HECM-backed securities (HMBS) issuance saw an increase in March in a market that remains generally healthy despite lower issuance activity.

This is according to HECM endorsement data compiled by Reverse Market Insight (RMI), and HMBS details ⇒

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