Wholesale Volume Down 9.8% in October, Urban Takes Top Spot

Wholesale reverse mortgage volume fell 9.8% to 2,307 units during October according to the latest report from Reverse Market Insight. Combined retail and wholesale volume was down 11.4%, with 5,283 units during the month. After MetLife’s five month run being the number one wholesaler, Urban Financial/Reverseit took over the top spot with 503 HECM units. […]

Reverse Mortgage Volume Increases 24% in October

Reverse mortgage volume was up 24% in October, coming in at 6,559 units according to data from Reverse Market Insight. Overall origination volume for 2010 is still down 36% from 2009, but a bit better from the 38% from last month.

Wholesale Reverse Mortgage Volume Down 4.3% in September, MetLife Holds Top Spot

Reverse mortgage volume fell 10.4% during September, but brokers saw production fall less than direct lenders according to data from Reverse Market Insight.  Overall volume for retail/direct lenders fell 14.2% while broker endorsements were down only 4.3%. “One month isn’t going to change the tide of regulation and resulting transformation of some brokers consolidating into direct […]

Applications Rise But Reverse Mortgage Volume Falls 11.5% in October

Reverse mortgage lenders endorsed 5,279 HECM units in October, down 11.5% from September.  According to Reverse Market Insight, the decline was widespread, with the Southwest and Great Plains seeing the only increases during the month. Considering that the number of applications has been rising consistently, it’s a disappointing month. Looking at the chart of applications […]

Direct Lenders Continue to Take Market Share from Reverse Mortgage Brokers

Broker business continues to lag behind direct retail lenders business according to the latest data from Reverse Market Insight.  During August, overall reverse mortgage volume was up 13%, with retail up 18% (3,969 units) and broker business up just 6% (2,672 units). Retail direct lenders volume surpassed reverse mortgage broker business in May and hasn’t […]

HECM Volume Falls, Number of New Reverse Mortgage Lenders Hits Record Low

After three consecutive month over month increases in volume, reverse mortgage lenders endorsed 5,966 HECM units during September, down 10% from August.  Endorsements from September bring overall year to date volume to 54,356 HECMs, down 38% from 2009. According to Reverse Market Insight, the number of active lenders in the industry is down 30%, falling to 2,067 in […]

Wholesale Reverse Mortgage Volume up 4.9%, MetLife Holds Top Spot

After recovering in June from a four-month decline in overall industry performance, July gave lenders a reason for further optimism in 2010. According to Reverse Market Insight’s Wholesale Leaders Report for July 2010, total endorsement for retail and broker/wholesale lenders grew 10.8% for the month. With both channels continuing to grow from the previous month, July’s […]

Volume Jumps 12% During August, Top Reverse Mortgage Lenders

Reverse mortgage lenders endorsed 6,645 HECM units during August, up 12.6% from July.  It’s the third consecutive month over month increase in volume and signals things could be turning around after an extremely challenging first half of 2010. Overall volume for 2010 is still down 37.7% from the same period last year, but individual lender […]

MetLife Remains Top Wholesale Lender During June

After only 4,551 units endorsed in May, the lowest amount of units since 2005, wholesale and retail volume bounced back in June according to data from Reverse Market Insight. For the second month straight, retail originations outpaced wholesale with 2,900 units, an increase of 17.6% from May.  Broker volume grew 15.2%, coming in at 2,404 units during the […]

Volume Continues to Increase, Top Reverse Mortgage Lenders

Reverse mortgage lenders endorsed 5,901units during July, up 11% from June and the second month over month increase in volume. Overall volume for 2010 is still down 39% from the same period last year, but endorsements are starting to catch up to the increase in applications the industry has seen since March. As the number of applications continues to rise, […]