Reverse mortgage industry performance metrics continued their 2025 softness on the basis of endorsement volume and securities issuance, February data shows.

Home Equity Conversion Mortgage (HECM) endorsements and HECM-backed securities (HMBS) issuance saw declines in February, although the number of endorsements managed to come in higher for the month of February in each of the past two years. Meanwhile, HMBS issuance dropped by $118 million to settle at $470 million.

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

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