More reverse mortgage industry professionals share their appraisal of the current boom in refinances, and how long – or short – it may be.
HighTechLending
Reverse mortgage professionals across the country share perspectives on the current refinance boom, and how it could impact business in the future.
Breaking out retail and wholesale reverse mortgage endorsement volume from May 2021, it’s clear that the retail side was dominant in a new data release from Reverse Market Insight (RMI).
HighTechLending has hired a new VP of Reverse Operations, the latest move from the top 10 reverse mortgage lender.
Both the wholesale and retail segments of the reverse mortgage business saw increases in January 2021, though the way was led by wholesale according to data from Reverse Market Insight.
Home Equity Conversion Mortgage (HECM) endorsements fell by 9.4% in the month of November 2020, for a total of 3,390 loans according to the latest HECM Originators report from Reverse Market Insight (RMI). The fall comes in the midst of generally heightened reverse mortgage industry activity that has been taking place over the past few […]
Home Equity Conversion Mortgage (HECM) endorsements fell by 16.4% in the month of June 2020, for a total of 4,203 loans according to the latest HECM Originators report from Reverse Market Insight (RMI). The fall came on the heels of a massive endorsement spike observed in May, and still accounted for the second highest endorsement […]
While the reverse mortgage industry has managed to weather the economic shock of the COVID-19 coronavirus pandemic reasonably well in the broader financial situation we’re now living in, some lenders are also still managing to grow. Taking a strategic approach to the ways in which economic shock can be endured or even avoided is something […]
Home Equity Conversion Mortgage (HECM) endorsements fell by 14.1% in the month of March 2020, for a total of 2,905 loans according to the latest HECM Originators report from Reverse Market Insight (RMI). The fall was led by the wholesale endorsement segment of business, which experienced a decrease of 17% that month, while retail levels […]
Home Equity Conversion Mortgage (HECM) endorsements fell by 13.6% in the month of December 2019, for a total of 2,456 loans according to the latest HECM Originators report from Reverse Market Insight (RMI). The fall was led by the wholesale endorsement segment of business, which experienced a decrease of 21.1% that month, while wholesale levels […]
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