February 3rd, 2010 |
by John |
published in
News, Reverse Mortgage, Top HECM Lenders
Retail reverse mortgage endorsement volume for January was 7,629 units, down 8% from December 2009, and 22.6% lower than January 2009. It’s the lowest number of units since October 2006 according to RM Insight.
Below is a list of the top reverse mortgage lenders through January 2010. Be sure to take a look at the [...]
January 31st, 2010 |
by John |
published in
News, Reverse Mortgage, Top HECM Lenders
Wholesale reverse mortgage volume came in at 4,326 units in December, up 10% compared to November. Bank of America took over the top spot in December with 963 units followed by MetLife (930 units) and Urban Financial/Reverseit (550 units).
Overall wholesale volume for 2009 was 58,935, down 7% from 2008. The top wholesale lender for [...]
January 8th, 2010 |
by John |
published in
News, Reverse Mortgage, Top HECM Lenders
Overall reverse mortgage volume climbed 7% in December with 8,284 units, bringing 2009 volume to 111,924 endorsements according to data from Reverse Market Insight.
Endorsements in 2009 fell 2.8% from 2008, driven mostly by a significantly weaker 4Q. Take a look at the commentary and report which goes into more detail below.
December 14th, 2009 |
by John |
published in
MetLife, News, Reverse Mortgage, Top HECM Lenders
Wholesale reverse mortgage volume in October was down 18%, compared to September, making it the 3rd lowest month in terms of volume of 2009 according to HUD data.
Despite volume being down significantly from the previous month, MetLife posted big numbers with 1,418 units, breaking their previous record of 1,040 in July 2009.
December 7th, 2009 |
by John |
published in
News, Reverse Mortgage, Top HECM Lenders
Overall reverse mortgage volume fell almost 12% in November with 7,738 units and brings YTD volume to 103,640 according to data from Reverse Market Insight.
November’s volume is the lowest the industry has seen since September 2007 and shows our YTD numbers are trailing 2008 units by 1.7%. Below is a list of the top reverse [...]
November 19th, 2009 |
by John |
published in
Financial Freedom, News, Reverse Mortgage, Top HECM Lenders
Wholesale reverse mortgage volume for the month of September totaled 5,567 units, up 6.1% from August and marking the 6th highest wholesale volume month on record according to data from Reverse Market Insight.
For fiscal year 2009, wholesale endorsements totaled 60,798, dropping just under 1% from FY 2008. Financial Freedom took home the #1 reverse [...]
November 6th, 2009 |
by John |
published in
News, Reverse Mortgage, Top HECM Lenders
Overall reverse mortgage industry volume fell 7.4% in October 2009, coming in at 8,772 units, bringing YTD volume to 95,902 according to data from Reverse Market Insight. Below is a list of the top HECM lenders through October 2009 and be sure to take a look at the commentary and link below which goes into [...]