Reverse Mortgage Insight

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Reverse Mortgage Broker Volume Shrinks 10.6% in March 

May 20, 2014By

Total endorsements for Home Equity Conversion Mortgages (HECMs) shrank 10.6% in March, with both real and wholesale endorsements shrinking near and in the double digits, according to the latest Reverse Market Insight (RMI) data.  Retail endorsements declined 9.8% while wholesale endorsements fell 11.4% during the month.  “Month to month HECM endorsement volume is always volatile, but […]

3d rendering of a row of luxury townhouses along a street

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