HECM mortgage-backed securities see $1 billion decline

HECM mortgage-backed securities see billion decline
The latest data on HECM mortgage-backed securities reveals issuance is down in the third quarter to $1.7 billion – that’s about a billion less than totals from the previous two quarters. In a recent report, New View Advisors says the industry shouldn’t expect this to turn around any time soon as low origination volumes challenge the space.
Source: https://www.housingwire.com/rss