The reverse mortgage industry ended the first quarter of 2011 on a high note, growing for the first time on a year over year basis since July 2009 according to data from Reverse Market Insight. During March, lenders endorsed 7,306 HECM units, up 5.8% from the previous month and an increase of 25.5% from 2010.

Reverse mortgage wholesale volume rose 9.3% in January according to a report released this week from data provider Reverse Market Insight (RMI). Wholesale endorsements totaled 2,413 units in January, a near 10% increase over the previous month, but still down 45.8% from January 2010.  Retail endorsements lost 6.8% month-over-month, totaling 4,049, but gained 27.7% from last [...]

HECM endorsements increased 6.8% in February to 6,904, the highest monthly total in a year, and just 1.7% below the rate of endorsements from a year earlier, according to data compiled by Reverse Market Insight. During the month, the number of active lenders continued an upward climb, increasing by 9.9%. The data also shows improvement for [...]

Wholesale reverse mortgage endorsements fell 13.3% during December, while retail originations gained 8.5% according to data from Reverse Market Insight (RMI). Broker business fell to 2,207 units during the month while retail endorsements came in at 4,343 units. Overall, combined totals show a flat line from November to December 2010, falling by a single endorsement [...]

For all those hoping the industry would start of 2011 with a big month in volume, sorry, it didn’t happen. Reverse mortgage lenders endorsed 6,464 HECM units in January, down 1.4% from the month before and 15.3% lower from January 2010 according to Reverse Market Insight.  The number of active lenders fell 34.5% from last [...]

Wholesale reverse mortgage endorsements rose 10.4% during November but broker growth slowed as retail business saw significant gains according to data from Reverse Market Insight. Broker business increased to 2,547 units during the month while retail endorsements came in at 6,551 units, up 34.5% from October.  Overall, combined totals still show that November was a good [...]