After three consecutive month over month increases in volume, reverse mortgage lenders endorsed 5,966 HECM units during September, down 10% from August.  Endorsements from September bring overall year to date volume to 54,356 HECMs, down 38% from 2009. According to Reverse Market Insight, the number of active lenders in the industry is down 30%, falling to 2,067 in [...]

After recovering in June from a four-month decline in overall industry performance, July gave lenders a reason for further optimism in 2010. According to Reverse Market Insight’s Wholesale Leaders Report for July 2010, total endorsement for retail and broker/wholesale lenders grew 10.8% for the month. With both channels continuing to grow from the previous month, July’s [...]

Reverse mortgage lenders endorsed 6,645 HECM units during August, up 12.6% from July.  It’s the third consecutive month over month increase in volume and signals things could be turning around after an extremely challenging first half of 2010. Overall volume for 2010 is still down 37.7% from the same period last year, but individual lender [...]

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 [...]

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, [...]

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.