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We promised a closer look at the impact of BofA exiting the industry in our Retail Leaders report earlier this month, so let’s dive in. We’ve heard in many conversations with clients and contacts that the industry has fully absorbed BofA’s volume and didn’t see any decline from the company’s exit. We would love […]
TPO loan volume continued to grow in April, but wasn’t enough to keep wholesale endorsements from declining -13.3%. Retail fell further, down -18%, and the balance between the two channels will be an indication going forward to see if TPO volume is growing the business as non-FHA approved brokers jump in or just migrating FHA […]
As regulation forces the reverse industry to evolve, there are many ways that we’ll eventually see the impacts. We’ve been tracking a declining number of originators for quite some time, which is the expected result of many changes pushing revenue down and costs up for the smallest reverse originators.
The potential offset to that trend is […]
We noticed last month that broker/wholesale channel performed much better than retail/direct in a down month for the industry overall, and now we can remove that last qualifier. Broker/wholesale outperformed again in February, up 16.2% compared to just 0.6% growth for retail/direct.
Of course we don’t […]
The first month of 2011 brought us back to a familiar theme from last year as broker/wholesale endorsements outpaced retail in a down month for the industry overall. We saw this pattern several times last year, particularly as the industry volume growth tapered off in September and October.
There’s one thing many lenders focus on at this time of year, and it’s the final rankings for our just completed year. If you’re looking for the definitive list of top lenders for 2010, then page 3 of our Wholesale Leaders report is the place to go.
Holidays seem to come faster each year for all of us (Christmas music will start in July this year!), and then they’re gone just as fast. Our first Wholesale Leaders report of the new year shows a similar disappearance, as the broker/wholesale side of the industry sees the beginnings of a positive trend from […]
Last month we noticed that the wholesale/broker side of the reverse mortgage industry outperformed the direct/retail side after 7 consecutive months of falling behind. Given that the total market was down -10%, outperforming took the form shrinking less, and now can draw a line through this month to call it a trend.
Overall industry volume […]
We already knew that September was a down month for endorsements in the industry overall, but now we can look at the tally in a bit more detail. We’ll talk more next week about different markets around the country in our Industry Trends report, but this week we’re focused on retail/direct vs. broker/wholesale and […]
August wholesale results are in, and as we’ve seen in past months, Retail/Direct lending in the reverse mortgage market continues to lead Wholesale/Broker volumes. Total volume for August was up 13%, with Retail/Direct up 18% and Wholesale/Broker up just 6%.
We asked last month why the volume recovery has been so narrow since May, primarily benefiting […]
