Items Tagged with 'Retail Leaders Report'

ARTICLES

  • HECM Volume Struggles in July

    Signaling the start of what is likely to be a challenging second half of the year for HECM endorsement volume, total endorsements dropped by 5.9% in July.   According to the latest Retail Leaders Report from Reverse Market Insight, endorsements in July totaled 5,511.  After crossing over to year-over-year positive growth in March, the latest month fell back into negative territory at 6.6% below July of 2010. With the start of this decline, expected to continue as the wind down of Wells Fargo is felt in the tail end of the year, it appears that the industry will see
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  • HECM Activity Fighting to Stay Ahead of 2010 Pace

    Since crossing over to positive year-over-year growth in March, HECM endorsement volume in April and May has emulated the downward trend from 2010 according to the new Retail Leaders Report from Reverse Market Insight (RMI).   Although May production was 13.9% ahead of May 2010, the 5,188 was a 15.3% decrease from April. The endorsement volume had been steadily climbing since October 2010, reaching a 12 month peak in March, before falling in April and May. The concentration among the top lenders continued to expand as the Top 10 accounted for over 70% of May endorsements.  The volume distinction
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  • Endorsements Up, Applications Down

    According to the latest Retail Leaders report from Reverse Market Insight (RMI), endorsement volume jumped in February, while application volume dropped in January.  At the same, time the number of active lenders bounced by almost 10 percent. Retail production in February hit 6,904 endorsed loans, an increase of 6.8 percent over January's total of 6,464.  Activity among the top ten lenders was split with half trending upward in the month and half trending down.  It appears that the industry will finally cross over to year-over-year growth in March considering deep declines that began in March of 2010.   A
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  • Retail Falls, but Signs of Growth

    Reverse Market Insight (RMI) points to an interesting contradiction in their latest Retail Leaders Report for January 2011.  Although volume decreased by 1.4% from December and by 15.3% from the previous January, RMI sees signs of year over year growth by March of this year. Most lenders would be concerned about a January that lagged behind a holiday shortened December, especially when it also trails the previous year.  Raising additional concern is the number of lenders participating in January increasing by 18.9% over December.  However, RMI points to two components that fuel their optimism of annual growth in volume. 
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