January 5th, 2011 | by John | published in News, Reverse Mortgage, Top HECM Lenders
While reverse mortgage volume remained fairly flat during the last month of 2010, overall units for the year painted very different picture. The number of HECM endorsements fell slightly to 6,554 units during December, down 0.1% according to data from Reverse Market Insight. However, reverse mortgage volume fell 35% during 2010, with 72,748 units being [...]
December 7th, 2010 | by John | published in Data, News, Reverse Mortgage, Reverseit, Top HECM Lenders
Wholesale reverse mortgage volume fell 9.8% to 2,307 units during October according to the latest report from Reverse Market Insight. Combined retail and wholesale volume was down 11.4%, with 5,283 units during the month. After MetLife’s five month run being the number one wholesaler, Urban Financial/Reverseit took over the top spot with 503 HECM units. [...]
December 3rd, 2010 | by John | published in Data, News, Reverse Mortgage, Top HECM Lenders
Reverse mortgage volume was up 24% in October, coming in at 6,559 units according to data from Reverse Market Insight. Overall origination volume for 2010 is still down 36% from 2009, but a bit better from the 38% from last month.
November 29th, 2010 | by John | published in Data, News, Reverse Mortgage, Top HECM Lenders
Reverse mortgage volume fell 10.4% during September, but brokers saw production fall less than direct lenders according to data from Reverse Market Insight. Overall volume for retail/direct lenders fell 14.2% while broker endorsements were down only 4.3%. “One month isn’t going to change the tide of regulation and resulting transformation of some brokers consolidating into direct [...]
November 11th, 2010 | by John | published in Data, FHA, Reverse Mortgage, Top HECM Lenders
Reverse mortgage lenders endorsed 5,279 HECM units in October, down 11.5% from September. According to Reverse Market Insight, the decline was widespread, with the Southwest and Great Plains seeing the only increases during the month. Considering that the number of applications has been rising consistently, it’s a disappointing month.
October 17th, 2010 | by John | published in Data, NRMLA, Reverse Mortgage, Top HECM Lenders
Broker business continues to lag behind direct retail lenders business according to the latest data from Reverse Market Insight. During August, overall reverse mortgage volume was up 13%, with retail up 18% (3,969 units) and broker business up just 6% (2,672 units). Retail direct lenders volume surpassed reverse mortgage broker business in May and hasn’t [...]
