General World News

Reverse mortgage performance was largely steady in May

Despite a raft of what might seem like contradictory economic data points and a challenged housing market, the reverse mortgage industry largely proceeded as normal based on key performance metrics for May 2025.

Home Equity Conversion Mortgage (HECM) endorsements dropped by 1% in May to 2,296 loans, despite recent increases in the expected interest rate alongside solid performance from some key lenders.

Meanwhile, HECM-backed Securities (HMBS) issuance saw a modest increase of $9 million month over month despite remaining in historically low territory.

This is according to HECM endorsement details ⇒

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