Reverse Mortgage Endorsements Spiked in March, But There’s a Catch

Reverse mortgage endorsements grew by 21% in March from the previous month, but the result could be more about timing than organic growth in demand for Home Equity Conversion Mortgages. According to data from Reverse Market Insight, Inc., lenders endorsed 5,364 loans last month, good for the second-highest monthly total notched over the last three […]

Big Retail, Wholesale Gains Fuel Reverse Mortgage Volume for These Lenders

Reverse mortgage volume saw its biggest monthly increase in August when endorsements jumped 24%, a growth driven by similarly big gains in both the industry’s retail and wholesale origination channels. Home Equity Conversion Mortgage (HECM) endorsements totaled 4,378 units in August, comprising 2,440 retail loans and 1,938 loans on the wholesale side, according to the […]

Retail Growth Snaps Streak of Plummeting Reverse Mortgage Volume

Home Equity Conversion Mortgage (HECM) endorsements finally snapped a three-month streak of declining volume in June when industry-wide endorsements rose 3.4%, an increase driven by a boost in retail originations, according to the latest industry data. Of the total 3,763 HECM endorsements reported in June, retail originations accounted for 2,190 loans, representing a growth of […]

June Growth Snaps the Downward Spiral for Reverse Mortgage Volume

Reverse mortgage volume picked up some lost ground in June with endorsements rising 3.4% to 3,771 loans—finally putting an end to three consecutive months of declining volumes, according to the latest industry data tracked by Reverse Market Insight (RMI). The slight increase in June is a welcoming reprieve from the trend of plummeting volume over the last […]

Reverse Mortgage Volume Tanks 14% in May, Echoes 2014 Low-Point

Reverse mortgage volume continued its downward trend in May, plummeting to one of the lowest single-month endorsement totals in recent history, according to new industry data. HECM endorsements fell 14.1% in May to 3,646 loans—the lowest monthly total since August 2014, when the industry struggled with the implementation of initial utilization restrictions, according to recent […]

March Reverse Mortgage Volume Dips 1% as Industry Strives for Comeback

Following a more than 17% gain in volume during February, Home Equity Conversion Mortgage endorsements dipped a mere 1% in March as lenders continue to play “catch-up” on volume from previous months, new industry data suggests. HECM endorsements totaled 4,535 loans in March, down from February’s rebound of 4,579 units, according to the latest data […]

The Top Reverse Mortgage Lenders for Retail, Wholesale Growth in 2015

Reverse mortgage wholesale volume bounced back to end 2015 on a positive note. But although total endorsement counts were less than what some industry leaders expected, 2015 was a big growth year for several reverse mortgage lenders on both the wholesale and retail sides. Overall, Home Equity Conversion Mortgage (HECM) endorsements totaled 56,363 units in […]