Retail Reverse Mortgage Numbers Grow, While Wholesale Stats Fall

Retail reverse mortgage endorsements rose slightly from December to January, but the modest gain was wiped out by a drop in wholesale endorsements, according to data from Reverse Market Insight released Wednesday. A wholesale endorsement dip of 6.6% was enough to drag overall endorsements down 1.7% in January 2017 as compared to the prior month, […]

Home Equity Levels Rise in Reverse Mortgage Hotspots

According to new data from CoreLogic, mortgage holders in the Western United States saw the greatest gains in home equity between 2015 and 2016 — a region that perhaps not coincidentally has tended to lead the nation in Home Equity Conversion Mortgage originations from month to month. Washington state homeowners with mortgages saw an average […]

WSJ: Smaller Banks in Spotlight for Financial Crisis Involvement

Following the completion of cases that led to mortgage-related penalties on big name banks, U.S. housing officials are setting their sights on smaller lenders, The Wall Street Journal reports. “The completion of cases that led to mortgage-related penalties levied on larger banks such as J.P. Morgan Chase & Co. and Bank of America Corp. has […]

Reverse Mortgage Lenders End First Quarter of 2011 on High Note

The reverse mortgage industry ended the first quarter of 2011 on a high note, growing for the first time on a year over year basis since July 2009 according to data from Reverse Market Insight. During March, lenders endorsed 7,306 HECM units, up 5.8% from the previous month and an increase of 25.5% from 2010.

Reverse Mortgage Wholesale Volume Up 9.3%, Broker Market Share Increases

Reverse mortgage wholesale volume rose 9.3% in January according to a report released this week from data provider Reverse Market Insight (RMI). Wholesale endorsements totaled 2,413 units in January, a near 10% increase over the previous month, but still down 45.8% from January 2010.  Retail endorsements lost 6.8% month-over-month, totaling 4,049, but gained 27.7% from last […]

HECM Endorsements Up 6.8% in February, Optimistic Outlook

HECM endorsements increased 6.8% in February to 6,904, the highest monthly total in a year, and just 1.7% below the rate of endorsements from a year earlier, according to data compiled by Reverse Market Insight. During the month, the number of active lenders continued an upward climb, increasing by 9.9%. The data also shows improvement for […]

Broker Volume Continues to Fall in December, Consolidation Ahead?

Wholesale reverse mortgage endorsements fell 13.3% during December, while retail originations gained 8.5% according to data from Reverse Market Insight (RMI). Broker business fell to 2,207 units during the month while retail endorsements came in at 4,343 units. Overall, combined totals show a flat line from November to December 2010, falling by a single endorsement […]

Reverse Mortgage Volume Remains Flat, Growth Ahead

For all those hoping the industry would start of 2011 with a big month in volume, sorry, it didn’t happen. Reverse mortgage lenders endorsed 6,464 HECM units in January, down 1.4% from the month before and 15.3% lower from January 2010 according to Reverse Market Insight.  The number of active lenders fell 34.5% from last […]

Broker Market Share Falls During November, MetLife Back on Top

Wholesale reverse mortgage endorsements rose 10.4% during November but broker growth slowed as retail business saw significant gains according to data from Reverse Market Insight. Broker business increased to 2,547 units during the month while retail endorsements came in at 6,551 units, up 34.5% from October.  Overall, combined totals still show that November was a good […]

Reverse Mortgage Volume Falls 35% During 2010

While reverse mortgage volume remained fairly flat during the last month of 2010, overall units for the year painted very different picture. The number of HECM endorsements fell slightly to 6,554 units during December, down 0.1% according to data from Reverse Market Insight.  However, reverse mortgage volume fell 35% during 2010, with 72,748 units being […]