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Top HECM Lenders Through March 2009

April 3rd, 2009  |  by admin Published in News, Reverse Mortgage, Top HECM Lenders  |  15 Comments

Below is a list of the top HECM lenders through March 2009.  Be sure to check out the link below which goes into more detail.

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  • Endorsement volume set a new record in March at 11,261 – up 24% from February and easily besting the old record of 10,913 set in February 2008.
  • Top 10 lenders continued to take share from the rest of the marketplace in March, generating 43% of volume year to date, up almost 5 points from last year’s 38.1% reading.
  • One Reverse Mortgage continues to move up the list of top HECM lenders, nice work.

March 2009 MIC Summary Report

“Market statistics and report sample provided by Reverse Market Insight, the leading source of market intelligence in the reverse mortgage industry. For more information about RMI and to purchase the full MIC report with additional key performance indicators and market statistics, please visit our website at www.rminsight.net“

Technorati Tags: Reverse Mortgage,News,Top HECM Lenders,Mortgage,HECM,FHA,HUD

    Related Posts
  • March Origination Volume Lowest in Four Years, Top Reverse Mortgage Lenders
  • Reverse Originations Continue to Fall, Top Lenders in February
  • Reverse Mortgage Volume Continues to Fall, Top Lenders in April


  • Admin
    Keeping Things Simple,

    I'd be happy to help NRMLA with something like that, but they've never approached me about it.
  • Keeping things simple.....
    I think this blog should operate censorship free, I agree with James Nelson. This blog should be mandatory reading at HUD.

    There seems to be quite a bit of unrest in the field about the support level provided by NRMLA. It would be interesting to see a membership poll regarding the existing board and leadership? Maybe everyone is happy with things as they are. Would NRMLA have the courage to poll its members? Maybe John should undrtake this project. "Arms length".

    Regarding this top ten list: There is an obvious issue with the numbers this month. My guess is that Wells got caught up on insuring. I have been tracking this for years, and from time to time lenders get backed up dramatically in the insuring function. Insured loans are what hit the press. I believe it is possible we barely broke even as an Industry last month. There is simply no way Wells got that good that fast. 2008 - 575 units. 2009 - 2189 units. No way. Probably, more like 1200 units. Just an (educated) guess. Go track their last 6 months. Most have been decliners.

    This also shows retail only, does not aggregate the wholesale units done by a lender. Those are attributed to the mini-eagle that originated them. Neighborhood Watch is a better tool.
  • Raymond
    Who are "Money House Inc" and "1st AAA Reverse Mortgage Inc"? Are they Brokers, like "Omni Reverse", or are they Wholesalers?
  • Scott R
    He seems to go off his medication from time to time.
  • Rob H
    I enjoy reading RMD for ALL it's content. Maybe Nelson is having a bad day. He probably should start his own reverse mtge "bitching blog".

    Keep up the good work.
  • RMLeader
    Mr. Nelson,
    I find the articles and content of RMD valuable to my business including the pieces on top 10 ten lenders. I find it is a way to keep up on what's happening in the industry without my taking all the time it takes to research and find the information myself. Note, I am not an overpaid executive but someone who is passionate about my business and helping seniors and like to be kept up on the industry news.

    I feel the readers should be able to respond and discuss articles on this post (this is part of the value of this Blog). However, comments should be kept to the topic at hand and should be kept professional and respectful.

    Mr. Nelson, if you or anyone doesn't find an article of interest, don't read them, move on to another one or wait until one comes of interest. Additionally, if you are so interested in expressing your opinion without censorship, than why don't you start your own Blog? Then you would have free reign of posting what you consider interesting articles and voicing your opinion.

    Thanks, RMD!
  • Pat Smoot
    I find it hard to believe J B Nutter is not in your lline up? Where do they fall?
  • Admin
    Just so everyone knows, I did delete Mr. Nelsons comment because it had nothing to do with the topic at hand... top HECM Lenders.

    Assume all you want James, but it has nothing to do with NRMLA and Peter Bell. It has everything to do with the dozens of emails I get daily from RMD readers complaining about the rants from certain individuals that have nothing to do with the topic at hand.
  • 4Bees
    Starting to look like if you don't have a stagecoach, a flag, or a blimp, you may be S.O.L. "They may not be the best, but I've heard of them"...
  • John Doe
    I don't see countrywide any longer.

    Has BofA and countrywide finally mixed into one OR has countrywide dropped that far out of the top 10?
  • Question_Mark
    Admin,

    This is always interesting to read.
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