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Wholesale volume dropped 15.7% from last month to 4,692 loans. This brings the YTD total to 50,709 units, a drop of just over 6% vs 2008. Metlife did the most units in October, in wholesale and overall, and is the first time we’ve seen anyone other than Wells, Freedom, or BofA hold the top overall […]
Wholesale results are in for the month of September, and of course that means the HUD Fiscal Year as well. Overall wholesale volume for the month was 5,567 units, up 6.1% from August, marking the 6th highest wholesale volume month on record. For the fiscal year, wholesale endorsements hit 60,798 loans, dropping just under 1% […]
Summer is gone and apparently the reverse mortgage market cooled down a bit early as well. We already knew that total industry activity was down 9.2% in August from July from the Retail Leaders report, but what we didn’t know is that the weakness was almost entirely in the direct lender side of the […]
Our Wholesale Leaders report is now available for July, 2009. Wholesale made up 5,392 of the 9,828 units done in July, bringing the YTD number to 35,204. Financial Freedom remains the top wholesale lender for the trailing twelve months, but it’s close. MetLife continues its short-term run, however, and has held on to the top spot […]
Wholesale has had a tough couple of months, but looks like June was a little happier in the broker/wholesaler world. After last month’s 20% drop, wholesale volume picked up a bit in June, growing just north of 8% to 4,623 units, with trailing 12 month volume coming in at 60,448.
There is a new #1 in […]
After a lengthy delay, we finally have the Wholesale Leaders Report for May available, and the results certainly reflect the trends seen in the HECM Endorsement reports.
Overall Wholesale volume for the month of May was down 20% from the prior month, to 4,275 units. This compares to a 35.5% drop in direct endorsed loans, […]
Our Wholesale Leader’s Report is now up for April. Recent trends are continuing, as retail endorsement growth once again came in stronger than the wholesale channel (+9.9% for Retail, -3.1% for Wholesale).
April’s wholesale numbers showed the impact of the JB Nutter warehouse line issues, and it hit their business hard as wholesale endorsement volume fell […]
We’ve already talked extensively about the volume increase in March, so check out the Retail Leaders and Industry Trends posts if you’d like to see more on top line volume. Something we haven’t talked about a lot yet, however, is how Wholesale is trending.
Many of you might have already […]
There has been very little wholesale reporting in the reverse mortgage industry to date, but we’re doing our part to correct that situation with our new Wholesale Leaders report. If you’d like to see a monthly report that shows who the largest lenders really are when you add both Retail and Wholesale together, here’s […]
