Below is a list of the top HECM lenders through April 2009. Be sure to check out the commentary and link below which goes into more detail.
- We had another record month in endorsement volume in April, coming in at 11,660 units, up 3.5% from March
- We continue to see the trend of large lenders taking market share, as the growth in new lenders entering the business has slowed somewhat. Year to date, the top 10 lenders command a 44.6% market share, up from 37.9% in the same period last year.
- In another positive trend, the average endorsements per lender has rebounded nicely off its November 2008 low (just under 7 per lender) to a more palatable 9.3.
- Regionally, the Southeast/Caribbean retains the top spot over Pacific/Hawaii, though the growth continues to be seen in the Southwest, New York/New Jersey, Northwest, and Rocky Mountain region (all coming in at ~20% growth over last year). Overall volume is still dominated by the Southeast and Pacific regions.
“Market statistics and report sample provided by Reverse Market Insight, the leading source of market intelligence in the reverse mortgage industry. For more information about RMI and to purchase the full MIC report with additional key performance indicators and market statistics, please visit our website at www.rminsight.net“
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