The past week or so has been an interesting time in the reverse mortgage world.  Early last week, out of nowhere I received an email from Sun West that said they would no longer accept any HECM 100 submissions unless it was already in the current pipeline.  Surprised?… Yes. Shocked… no.  With the liquidity crunch […]

Below are the top HECM lenders through June of 2007.  Remember this list doesn’t include any proprietary products.

Rank
Company
HECM Units

All of this information is gathered from the Reverse Mortgage Information website.  Also, be sure to check out his post on how July was the second best month for HECM endorsements.
July saw 10,462 Home Equity Conversion Mortgages […]

Inman News had an interesting article that mentioned some of the financial obstacles that are preventing seniors (subscription required) from acquiring reverse mortgages.  According to Ralph Rosynek, President of 1st Reverse Financial Services, it’s delinquent student loans.  Rosynek said, “the elderly often co-sign for student loans on behalf of their grandchildren”.  Not only student loans Ralph… car […]