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Our Industry Trends report for October is now available (see the link at the bottom of this post for the full PDF).
We’ve been talking quite a bit about how anecdotally the volume appears to be moving into the higher home value areas, and we wanted to show just how prevalent the trend is this year. […]
In hindsight, the easiest piece of forecasting all year might have been to predict that we wouldn’t get a chance to publish our follow up piece on forecasting until December given the recent NRMLA conference at the end of November. Better late than never as the saying goes, and it couldn’t be more true.
A New […]
November’s endorsement numbers are in and the volume was pretty weak, coming in at 7,738 units for the month. This is down almost 12% from October, and 34% from the peak volume month of April 2009, and just to pile on the misery, is the lowest volume month we’ve seen since September ’07.
Year to date […]
We may not think of Q3 as having any surprises left for us, but rather than harping on the continued HECM volume move to higher home value areas, let’s shift gears a bit.
HECM refinances are not a new story for anyone who has been reading our newsletter for the past year, and indeed that story […]
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% […]
October numbers are in and the month proved more trick than treat for HECM volume, down 7.4% from September. This isn’t a reflection on the demand that was pulled forward into the last week of September by the announcement of a very fast principal limit reduction implementation, as we don’t expect that surge […]
What makes the difference between a successful originator and someone who is getting out of the business in 2009? In our humble opinion it probably has a lot to do with an old saying that “all markets are local.” It’s never been more true in the reverse mortgage industry, as the combination of changes to […]
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 […]
Sometimes it seems that the more things change, the more things stay the same. Despite tremendous changes underneath the surface this year (lending limits increased, HECM for purchase authorized, principal limit reductions, etc.) the top line in the reverse mortgage business is in a dead heat with last year’s results. As of September, 2009 volume […]
Our Retail Leaders report for August, 2009 is now available. Overall industry volume fell 9% from July, coming in at 8,933 units for the month, and bringing the YTD volume to 77,657.
The devil is in the details, however. If you look at the charts on Page 2, you’ll see what we mean: the number of […]
