Wholesale reverse mortgage volume came in at 3,900 units in November, down 17% from October. November’s volume is the lowest the industry has seen in 2009 and brings YTD total to 54,609.
MetLife retained its #1 spot in November with 1,123 units but still saw its volume decline a bit from October.
The only reverse mortgage lender in the top 5 who saw volume increase in November was Bank of America with 851 units. Below is a chart of the top wholesale lenders in November.