Browsing Tag:Retail

lenders-commerce-spikes-in-wholesale-retail-reverse-mortgage-quantity-in-august
According to the latest HECM originator report from Reverse Market Insight (RMI), endorsements for Home Equity Conversion Mortgage (HECM) decreased 14.1% in August 2021 to a total of 3,673 loans. The decline marked the first month in nearly a year that monthly volume did not hit the 4,000 mark, a level sustained due to the general increased activity...
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hmda-information-names-high-10-reverse-mortgage-lenders-in-2020-wholesale-outpaces-retail-in-june-2021
The Consumer Financial Protection Bureau (CFPB) released a new report and analysis of the data released by the Home Mortgage Disclosure Act (HMDA) in 2020 to better understand the mortgage market landscape. The new analysis contains extensive information on mortgages disclosed by financial institutions and contains important information specifically relevant to the reverse mortgage industry and the Home...
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retail-ops-jobs-appraisal-non-qm-jumbo-dpa-merchandise-trade-weighs-in-on-good-freddie-fannie-information
Retail, Ops Jobs; Appraisal, Non-QM, Jumbo, DPA Products; Industry Weighs in on Good Freddie/Fannie NewsAs Flagstar’s Marcus L. points out, “1999 doesn't sound like that long ago until you realize that people with a birth year starting with ‘2’ are starting to be old enough to legally drink.” And plenty of them have student debt, the forgiveness of which...
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reverse-mortgage-retail-wholesale-quantity-see-comparable-drops-in-november
According to the latest HECM Originators report from Reverse Market Insight (RMI), Home Equity Conversion Mortgage (HECM) endorsements fell 9.4% to 3,390 total loans in November 2020. The decline is due to the general increased activity in the reverse mortgage industry that has occurred in recent months as the economic impact of the COVID-19 coronavirus pandemic continues.The volume...
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wholesale-and-retail-reverse-mortgage-quantity-dips-in-june-however-stays-sturdy
According to the latest report from Reverse Market Insight (RMI) HECM Originators, Home Equity Conversion Mortgage (HECM) endorsements were down 16.4% in June 2020 for a total of 4,203 loans. The decline followed a massive surge in endorsement in May and was still the second highest endorsement figure in over a year.The decline was led by the Wholesale...
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