August 15th, 2010 |
by John |
published in
MetLife, News, Reverse Mortgage, Top HECM Lenders
After only 4,551 units endorsed in May, the lowest amount of units since 2005, wholesale and retail volume bounced back in June according to data from Reverse Market Insight.
For the second month straight, retail originations outpaced wholesale with 2,900 units, an increase of 17.6% from May. Broker volume grew 15.2%, coming in at 2,404 units during the month.
August 8th, 2010 |
by John |
published in
Data, Guardian First, News, Reverse Mortgage, Top HECM Lenders
Reverse mortgage lenders endorsed 5,901units during July, up 11% from June and the second month over month increase in volume.
Overall volume for 2010 is still down 39% from the same period last year, but endorsements are starting to catch up to the increase in applications the industry has seen since March. As the number of applications continues to rise, things [...]
July 20th, 2010 |
by John |
published in
Data, News, Reverse Mortgage, Top HECM Lenders
Wholesale reverse mortgage volume was down 25.8% during May, marking the fourth consecutive month over month decline according to data from Reverse Market Insight.
May volume was the lowest in five years and brokers bore the brunt of declining volumes with only 2,058 units says RMI.
July 8th, 2010 |
by John |
published in
News, Reverse Mortgage, Top HECM Lenders
Reverse mortgage volume increased for the first time since December 2009, showing signs of life after an incredibly challenging first half of 2010.
During June, reverse mortgage lenders endorsed 5,304 HECMs, an increase of 16.5% from the previous month. While the uptick is certainly a positive sign, year to date volume is down 39% from 2009 with [...]
June 14th, 2010 |
by John |
published in
News, Reverse Mortgage, Top HECM Lenders
Wholesale reverse mortgage volume fell 7.4% from March, coming at 2,813 units during April according to the latest report from Reverse Market Insight. Retail production also fell 3.3% from March.
Large reverse mortgage lenders continue to dominate the industry, controlling 88.9% of April’s volume.
June 7th, 2010 |
by John |
published in
News, Reverse Mortgage, Top HECM Lenders
After three months of an increase in reverse mortgage applications, volume continues to slide. Reverse mortgage endorsement volume for May came in at 4,551 units, the lowest number since September of 2005 according to data from Reverse Market Insight.
Overall year to date volume is 30,540 endorsements, a decline of 39% from the same period last year.
May 25th, 2010 |
by John |
published in
News, Reverse Mortgage, Reverseit, Top HECM Lenders
Wholesale reverse mortgage volume fell 21.9% from February, coming at 3,038 units during March said the latest report from Reverse Market Insight. Retail products was down 10.9% from February.
Large lenders continue to dominate the industry, controlling 88.3% of March volume. This is slightly off from last month’s figure of 92.4%, but still above trend for the [...]