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RMI’s New Look At Originators

Sep 14, 2011By

In the second version of Reverse Market Insight's (RMI's) revamped reports, the "HECM Originators" examines retail and TPO/broker/wholesale business data through July 2011. As HECM volume fell 5.9% in July, the retail production saw a small decline (5.2%) compared to the wholesale channels (7.0%). At 3,352 endorsements, retail volume made up 61% of the total volume, compared to 2,159 units or 39% for wholesale. The reworked report from RMI seeks to solves changes to the FHA HECM MIC monthly endorsement report that no longer includes the activities of broker's that are no longer issued approvals by the FHA.  Accordingly,