HECM margins increase for the first time in a year

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Margins on adjustable-rate reverse mortgages increased in December for the first time in 12 months, according to Baseline Reverse’s latest Margin Report. Lender margins for the month averaged 1.98% in December, up from November’s adjusted average of 1.95% and marking the first time margins have reversed the downward trajectory they’ve experienced throughout 2018.