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Below you will find the top HECM lenders in 2007 through the month of September. Also be sure to check out the sample report which breaks down the top lenders even more at the bottom.
7,695 HECMs endorsed in September down from August and the lowest month so far in 2007.
YTD total of 83,593, suggesting we will surpass last year’s total of 85,608 in October.
Market concentration as measured by the top 10 lenders’ collective market share continues to fall, at 43.9% vs. 44.3% last month YTD.
Interesting point to note that Countrywide had the sixth largest endorsement volume in Q307 (1.57% market share), overtaking well known names like American Reverse Mortgage and Omni Home Financing and just behind Vertical Lend.
“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“