Reverse Market Insight published its wholesale leaders report and shows that wholesale volume for May 2009 was down 20% from the prior month with 4,275 units. This compares to a 35.5% drop in direct endorsed loans, and a 28.4% drop in overall endorsements.
Below is a list of the top wholesale reverse mortgage lenders through May 2009.
| Lender | Units | Growth | |
| 1 | Financial Freedom | 15,804 | -33% |
| 2 | JB Nutter | 15,060 | 38% |
| 3 | Bank of America | 8,818 | -12% |
| 4 | MetLife | 5,360 | 112% |
| 5 | World Alliance Financial | 5,263 | 53% |
| 6 | Generation Mortgage | 2,591 | 276% |
| 7 | Urban Financial | 2,042 | 427% |
| 8 | Genworth | 1,833 | 225% |
| 9 | Sun West | 1,639 | NA |
| 10 | Wells Fargo | 1,294 | 740% |
Financial Freedom grabbed the top spot back from JB Nutter, but its doubtful it will stay that long with their wholesale volume down 33%. JB Nutter’s wholesale business seems to be picking back up but their retail production is down 38% over the last year.
Also, MetLife moved up the rankings as well as Urban Financial / Reverseit which went from 9th to 7th.
