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Our first visit to New Orleans was a memorable week filled with business meetings by day and good food by night. Our industry has been having a banner year in New Orleans, with the city showing the largest gain in HECM lending volume in the past 12 months.
The city has […]
Thanks for all the feedback and questions about our industry forecast earlier this month. We’ve heard many different perspectives from industry participants about the recently announced HECM changes and how it affects our customers and business volumes. Forecasting is always a guessing game (hopefully an educated one) but by far the most interesting part is […]
Fall is just around the corner in most parts of the country, but thankfully the reverse mortgage business is still heating up after an unseasonable chill in the early summer. We’re hearing from a few clients that they’re seeing some of the best volumes they’ve seen since the principal limit reductions 10/1/2009, so we’re pretty […]
Another month in the rear view mirror, and we’ve officially reached the halfway point for the year. We’ve already seen a bounce in volumes from the May low and signs of life from the broker side of our industry, but who are the winners and losers among the states and metro markets around […]
Since we already know that May’s volume levels rebounded a bit in June, it doesn’t feel quite so disheartening to show the headline graph from this month’s Reverse Mortgage Industry Trends report.
HECM Endorsement Trends by Year
Volumes for each month this year have been below 2009 thanks to startlingly […]
We’ve been talking the past few months about a few specific markets around the country that have weathered the storm of decreased volume, most notably Baltimore. Rather than beat the Baltimore drum another month, let’s talk about a slightly different topic that caught our interest this past month.
We’ve been underwhelmed by the volume (or lack […]
If you want to see a telling visual of our industry’s pain, check out page 1 of this month’s report. The first graph showing year over year endorsement trends shows just how tough the road has been recently for reverse mortgage professionals from a volume perspective, with a huge gap opening up between the blue […]
Last month we took a close look at the Baltimore area, highlighting the good performance seen in the city and county relative to what the rest of the country is experiencing on average. This month we thought we’d take a little deeper dive into the numbers, just to see what is really driving the […]
Ever wonder which city or cities you should be marketing in? This is generally one of the first questions we get asked by new lender clients when they look at our reports and start glazing over at the reams of information we put out. Not that we blame them, our primary sin is probably putting […]
In any other circumstance, we wouldn’t be bidding a fond farewell to 2009 since it was the first decline in overall industry volume in recent memory. However, in light of what is shaping up to be a significantly tougher 2010, we’re almost nostalgic about the year just ended.
Here’s an update on our running application trend […]
