While there has been something of a “yo-yo” of gains and losses in the reverse mortgage industry’s performance metrics for the past several months, some mixed signals on the horizon — such as higher interest rates that could depress origination volumes along with the potential implementation of HMBS 2.0 — leave 2024 winding down in an active way for the business.

Home Equity Conversion Mortgage (HECM) endorsements increased by 0.7% from October to November, with 2,408 loans endorsed last month, according to data compiled by Reverse Market Insight (RMI).

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