The reverse mortgage securities market continues to show the side effects of the HECM product’s rough year. Issuance for HECM mortgage-backed securities, or HMBS, fell to just under $614 million in January, down from December’s $619 million, according to recent data from New View Advisors. The numbers reflect a tough year for HMBS, which closed out 2018 with $9.6 billion, a drop from 2017’s $10.5 billion.
https://karincomeaux.com/wp-content/uploads/2020/12/SiteLogo-2019-9-24-7-47-34.png 0 0 HousingWire https://karincomeaux.com/wp-content/uploads/2020/12/SiteLogo-2019-9-24-7-47-34.png HousingWire2019-02-11 18:24:002019-02-11 18:24:00Reverse mortgage securities continue downward march
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