No. 1 Reverse Wholesaler Title Changes Again
As retail reverse originations slid, monthly wholesale activity continued rising. The title of biggest reverse wholesaler changed hands again.

During January, Bank of America, N.A., closed more reverse mortgages than any other U.S. lender: 1,509.

BoA's business fell from 1,887 loans the prior month.
read full story

Biggest Retail and Wholesale Lenders
Recently released government data revealed last year's biggest wholesale and retail residential lenders. Meanwhile, an increase in quarterly wholesale originations by banks and thrifts wasn't enough to offset a decline in retail business -- though business soared compared to 2008.

Wholesaler Liable for Broker Discrimination
The government has essentially settled with itself over alleged discriminatory practices by mortgage brokers on loans closed and funded through a defunct subprime wholesaler. The government claims the settlement marks the first time a wholesale lender has been held accountable for such broker behavior.

Pricing Engines Enhanced, Integrated
Integration is the name of the game lately when it comes to loan product and pricing engines. Recent alliances with loan search services involved providers of loan origination systems, mortgage compliance services and appraisal management software.

PHH Expanding Wholesale Channel
PHH Mortgage plans to increase its market share through third-party originators -- who it sees as underserved.

All About Reverse Mortgage Lending
A bank that gave up on reverse mortgage lending at the beginning of the credit crisis has launched a new wholesale reverse lending channel, while another third-party lender hopes to help brokers focus more on the loan prospect's product education and less on sales. An originator and an issuer of reverse mortgages reported big growth, and a service provider is promoting a list of reverse mortgage prospects who are delinquent but have loan-to-values less than 60 percent.

2009's Biggest Reverse Mortgage Lenders
Reverse mortgage production exceeded 100,000 loans last year, and the biggest lender closed nearly one-fifth of the total. For the third month in a row, the title of biggest lender has changed hands, while the biggest reverse wholesaler relinquished its title.

Citi Bringing Back Some Brokers
Citigroup Inc.'s mortgage unit is re-establishing relationships with some of the same brokers it previously stopped doing business with. It's the second time the company has stepped back from an origination channel only to wade in the water again.

Bank Retakes Lead in Reverse Production
A monthly tally of reverse mortgage originations by lender indicates that the top spot has changed hands again. But the biggest wholesale lender in the reverse mortgage arena maintained its title.

California Firm Launches Wholesale Operation
A California-based lender who claims to be among the country's biggest originators of Federal Housing Administration loans is opening a wholesale lending division.