twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from

Mortgage News Reprints
Put entire stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed stories free on your Web site or for your RSS reader.

News Archives
Archive of stories by month going back to 1999.

Press Releases
Reports and announcements from

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









site map
Reverse Mortgage News
Home equity conversion mortgages, HECM lenders and HECM reports. Reverse mortgage lending issues, analysis and compliance.
Biggest Retail Reverse Lenders

30,205 HECM endorsements in Q1

April 9, 2009

By staff

Retail reverse mortgage production reached a record last month and is projected to continue increasing. The biggest retail reverse lender was also last year's biggest residential lender.

During the first quarter, 30,205 U.S. retail reverse mortgages were endorsed, rising from 27,653 in the fourth quarter, according to Reverse Market Insight Inc. The improvement was attributed to an increase in the reverse mortgage limit, which was boosted to $625,500 in February.

Wells Fargo Bank NA closed 5,520 home-equity conversion mortgages -- making it the biggest retail reverse lender. Last year, Wells Fargo reported $230 billion in total residential volume -- more than any other U.S. lender.

Bank of America NA was next, with 2,731 endorsements, followed by Financial Freedom Senior Funding, at 1,427 units.

With only 834 first-quarter endorsements, Quicken Loans Inc. subsidiary One Reverse Mortgage LLC still managed to nab the No. 4 spot. MetLife Bank was No. 5, with 585 endorsements.

The sixth through 10th spots were held by World Alliance Financial, with 514 endorsements; Generation Mortgage Co., which had 511 closings; Urban Financial Group, where 371 reverse mortgages were originated; Money House Inc., with 270 endorsements, and 1st AAA Reverse Mortgage, where volume was 221 units.

During just March, retail reverse lenders saw 11,261 endorsements -- a record according to Reverse Market Insights. Activity climbed from 9,086 in February.

"Given the trends we have seen in application volume, we would expect the strong numbers to continue for another month or two," the newsletter said.

Origination News | Lender Ranking | Fundings by Lender | Statistics
Quarterly residential mortgage production by lender. Subprime, Alt-A, home equity and conforming originations. Volume by quarter since 2003.

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders