The reverse mortgage industry is pressing ahead with a chance at lower interest rates later this month. While there were signs of weakness in performance metrics in August, there are also commensurate signs of encouragement, according to industry experts.

Home Equity Conversion Mortgage (HECM) endorsements fell by 3.3% from July to August, with the total of 2,200 falling reasonably in line with Federal Housing Administration (FHA) HECM case numbers that posted their own gains in July. This is according to data compiled by Reverse Market Insight (RMI).

Meanwhile, HECM-backed details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com