General World News

March reverse mortgage data shows retail outpaced wholesale

Home Equity Conversion Mortgage (HECM) endorsements declined by 4.2% in March, a dynamic primarily driven by an drop in endorsements from the wholesale side of the business even as the retail side saw a month-over-month improvement in originations. This is according to data compiled by Reverse Market Insight (RMI).

Retail endorsements gained 9% over their February totals, rising to 1,233 loans, while wholesale endorsements dropped by 2.3% to 824 loans, a noticeable if modest divide between the two business channels.

When asked about the dynamics driving the business this way, it was mostly driven details ⇒

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