Reverse Market Insight

Industry Trends, Different Year Similar Result 

After starting the year on an encouraging upswing, the year-over-year HECM endorsement volume has fallen into a similar trend line to the previous year. Although still head of the pace of 2010, the gap narrowed in the latest Industry Trends Report from Reverse Market Insight.  The endorsement volume reached a 12 month peak in March before falling back below 6,000 units.  Optimistically, if the trend line continued to mirror 2010, the industry would see consistent rise heading into the fall. Unfortunately, with the exits of Bank of America and Wells Fargo showing their full impact during this window, it