Reverse mortgage endorsement volume for March came in at 5,822 units, down 17% from February according to data from Reverse Market Insight. For the first quarter, overall volume fell 32% versus Q1-09.
Below is a list of the top reverse mortgage lenders through March 2010. Be sure to take a look at the commentary and report which goes into more detail below.
- Endorsement volume came in at 5,822 units, the lowest level since January 2006.
- Volume for Q1-2010 totaled 20,475 endorsements, a decline of 32% from Q1-09.
- All regions are seeing significant declines in volume, with the "best" being the Southwest with a decline of 14.3%.
- The top 10 lenders are doing better on average than the rest of the industry, with volume for the group down 25.8% YTD vs the industry’s 32% decline.
“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“