Wholesale reverse mortgage volume in October was down 18%, compared to September, making it the 3rd lowest month in terms of volume of 2009 according to HUD data.
Despite volume being down significantly from the previous month, MetLife posted big numbers with 1,418 units, breaking their previous record of 1,040 in July 2009.
Below is a chart of the top 5 wholesale reverse mortgage lenders in October and as you can see no one came close to MetLife. Financial Freedom continues to surprise with their wholesale volume, bringing in 915 units in October and Urban Financial broke into the top 5 with 310 units.
