John Luddy, who leads reverse mortgage sales for Supreme Lending, offered some perspective on the current interest rate environment in this week’s Monday Morning Q&A with HousingWire’s Reverse Mortgage Daily. July HMBS issuance rises slightly to $463MSecondary market issuance of HECMs through the HMBS program saw a marginal increase from June but was well below July 2025 levels, according to New View’s analysis of Ginnie Mae data. FOA was the top issuer in July with $177 million in HMBS, down $2 million from June’s figure of $179 million. Ginnie Mae/RMF (known as “Issuer 42”) again issued no HMBS pools, underscoring the continued absence of a once-significant participant in the reverse mortgage securitization market. Of July’s 59 pools, 17 were first-participation pools, 41 were tail pools and one pool included both first participations and tails.