Top Reverse Mortgage Lenders Through June 2009

Below is a list of the top HECM lenders through June 2009.  Be sure to check out the commentary and link below which goes into more detail.

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  • Total endorsement volume for June came in at 8,633 units, up slightly from May, but still well below the average of the last 12 months.
  • The relatively low volume in June brought the Year-To-Date number to 58,894 endorsements, leaving the industry trailing last year’s volume by .6%.
  • Top 10 lenders continue to take market share, holding on to 44% of the volume.  8 of the top 10 lenders have increased volume over last year.
  • On the competitive front, 2,461 lenders have endorsed a loan in 2009, up 289 vs the same period in 2008.
  • Regionally, strong growth in the New York/New Jersey, Southwest, Rocky Mountain, and Northwest regions almost offset the weakness everywhere else (with particular emphasis on the largest regions of Southeast and Pacific).
  • We even have endorsement growth outpacing lender growth in the New York/New Jersey region (24.2% and 19.3%, respectively), something that hasn’t been seen very often in the last few years.
  • Financial Freedom saw a huge drop in endorsement volume, though we suspect this is due to name change/transition issues more than actual volume numbers, and we’ll see them back up to normalized numbers in the next month or two.

June 2009 MIC Summary Report

Market statistics and report sample provided by Reverse Market Insight, the leading source of market intelligence in the reverse mortgage industry. For more information about RMI and to purchase the full MIC report with additional key performance indicators and market statistics, please visit our website at www.rminsight.net

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