MetLife Takes Back Top Wholesale Reverse Mortgage Lender Spot

Wholesale reverse mortgage volume was down 25.8% during May, marking the fourth consecutive month over month decline according to data from Reverse Market Insight. May volume was the lowest in five years and brokers bore the brunt of declining volumes with only 2,058 units says RMI. MetLife was the top wholesale lender in May with 371 units, followed […]

First Reverse Mortgage Volume Increase Since 2009, Top Lenders Report

Reverse mortgage volume increased for the first time since December 2009, showing signs of life after an incredibly challenging first half of 2010. During June, reverse mortgage lenders endorsed 5,304 HECMs, an increase of 16.5% from the previous month. While the uptick is certainly a positive sign, year to date volume is down 39% from 2009 […]

Top Wholesale Reverse Mortgage Lenders, Urban Remains Number One

Wholesale reverse mortgage volume fell 7.4% from March, coming at 2,813 units during April according to the latest report from Reverse Market Insight. Retail production also fell 3.3% from March. Large reverse mortgage lenders continue to dominate the industry, controlling 88.9% of April’s volume. Urban Financial was the top wholesale reverse mortgage lender for the […]

Lowest Reverse Mortgage Volume Since 2005, Top Lenders Through May 2010

After three months of an increase in reverse mortgage applications, volume continues to slide.  Reverse mortgage endorsement volume for May came in at 4,551 units, the lowest number since September of 2005 according to data from Reverse Market Insight. Overall year to date volume is 30,540 endorsements, a decline of 39% from the same period last […]

Wholesale Reverse Volume Down, Urban Takes Top Spot

Wholesale reverse mortgage volume fell 21.9% from February, coming at 3,038 units during March said the latest report from Reverse Market Insight.  Retail products was down 10.9% from February. Large lenders continue to dominate the industry, controlling 88.3% of March volume. This is slightly off from last month’s figure of 92.4%, but still above trend for […]

Reverse Mortgage Volume Continues to Fall, Top Lenders in April

Reverse mortgage endorsement volume for April came in at 5,511 units, down 5.3% from March according to data from Reverse Market Insight. Overall year to date volume is down just under 38% from 2009 at 25,986.  Active number of lenders continued to slide 7% from March. Below is a list of the top reverse mortgage […]

Wholesale Volume Drops in February, New Top Lender

Wholesale reverse mortgage volume dropped 12.6% in February, coming in with a total of 3,890 units according to data from Reverse Market Insight. Generation Mortgage came in at the top spot with 831 units, followed by Bank of America and Urban Financial Group rounding out the top 3. The data also shows that 92.5% of […]

Reverse Originations Continue to Fall, Top Lenders in February

Reverse mortgage endorsement volume for February came in at 7,024 units, down 7.9% from January according to data from Reverse Market Insight. Through the first two months of 2010, endorsement units totaled 14,653, 22.7% lower than last year’s volume. Below is a list of the top reverse mortgage lenders through February 2010. Be sure to […]