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Top HECM Lenders

Top Reverse Mortgage Lenders Through January 2010

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 [...]


Wholesale Reverse Mortgage Volume Down 7% in 2009, Financial Freedom Holds On

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 [...]


Top Reverse Mortgage Lenders of 2009

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.   


Top Wholesale Reverse Mortgage Lenders, MetLife Posts Record Volume

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.


Top Reverse Mortgage Lenders Through November 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 [...]


Financial Freedom Takes Top Wholesale Lender Title for FY 2009

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 [...]


Top Reverse Mortgage Lenders Through October 2009

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 [...]


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