The reverse mortgage industry’s key performance indicators were split in July, according to data from industry analysts.

Home Equity Conversion Mortgage (HECM) endorsements increased by 8% from June to July, with the total of 2,274 falling reasonably in line with Federal Housing Administration (FHA) HECM case numbers. This is according to data compiled by Reverse Market Insight (RMI).

Meanwhile, HECM-backed Securities (HMBS) issuance fell by $47 million in July to a total of $450 million for the month. There were 80 pools issued, six fewer than details ⇒

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