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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.
January HECM endorsement numbers were underwhelming, but we’re not throwing in the towel on the year because we see positive developments just around the corner. We also have December application numbers to update a long-running chart series, so let’s dig in.
First, endorsement volumes for January came in at 6,464, down -1.4% from December and down […]
Hard to believe it’s been two years, but February will mark the 2nd anniversary of the ReverseIQ Newsletter and our free industry reports. In that time we’ve learned that over 1,300 of our fellow industry participants are reading each month, and hopefully we’ve all learned a lot about what makes our little corner of […]
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 […]
Retail HECM endorsements for December were virtually flat with November, down just -0.1% to 6,554 loans. That story isn’t much to write home about, but fortunately there’s a much bigger story hiding just below the surface. First though, let’s settle final 2010 numbers for those keeping track:
We’ve […]
We’ve already talked about overall industry trends for October and retail/broker channel changes. We’ve also discussed the geographic trends in great detail throughout the year, in Baltimore, Philadelphia, and New Orleans. Those same themes are continuing in the report for this month as well, so rather than re-hashing, it’s a […]
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 […]
Retail endorsement numbers are out for November, and were much improved vs the last couple months. This is likely due to pullthrough from September’s inflated apps, and we wouldn’t be surprised to see another strong number in December as more of September’s apps are burned off.
Ok, on to the report. Here […]
November is rapidly coming to a close, and we’re closing out the month with the first half of a video interview with the Reverse Review online magazine. Check out the link below to see RMI founder and President John K. Lunde talk about current trends in 2010 and how T&I defaults are affecting […]
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 […]
