The report of the top 100 HECM lenders is now available for April. Below is a preview of the top 10 reverse mortgage lenders along with their production. This report does not include TPO’s (Third Party Originators). Rank Lender Loans – Month Loans – YTD 1 MetLife Bank 911 4,351 2 One Reverse Mortgage...
The report of the top 100 HECM lenders has been updated for March. Below is a preview of the top 10 reverse mortgage lenders along with their production. Rank Lender Loans – Month Loans – YTD 1 MetLife Bank 929 3,440 2 One Reverse Mortgage 384 1,240 3 Genworth Financial 345 1,374 4 Generation...
For individuals and companies who originate reverse mortgages in California, you need to be aware of current legislation that is in the works. AB2010, introduced in Sacramento on February 23rd by Assembly Member Bonilla, would amend Section 1923.2 of the Civil Code relating to reverse mortgages to require that reverse mortgage counseling be performed...
The report of the top 100 HECM lenders has been updated for February. Below is a preview of the top 10 reverse mortgage lenders along with their production. Rank Lender Loans – Month Loans – YTD 1 MetLife Bank 1,132 2,511 2 Genworth Financial 643 1,029 3 One Reverse Mortgage 417 856 4 Urban...
The report of the top 100 HECM lenders has been updated for January. Below is a preview of the top 10 reverse mortgage lenders along with their production. Rank Lender Loans – Month Loans – YTD 1 MetLife Bank 1,379 1,379 2 One Reverse Mortgage 439 439 3 Genworth Financial 386 386 4 Urban...
The report of the top 100 HECM lenders has been updated for December. Below is a preview of the top 10 reverse mortgage lenders along with their production. Rank Lender Loans – Month Loans – YTD 1 MetLife Bank 1,321 10,512 2 One Reverse Mortgage 419 4,619 3 Urban Financial Group 357 3,730 4...
The report of the top 100 HECM lenders has been updated for November. Below is a preview of the top 10 reverse mortgage lenders along with their production. The top 10 have remained roughly the same for some time now with the big exception of Wells Fargo’s endorsements dropping their rank from #2 to #24....
The report of the top 100 HECM lenders has been updated for October. Below is a preview of the top 10 reverse mortgage lenders along with their production. Rank Lender Loans – Month Loans – YTD 1 MetLife Bank 913 7,918 2 Wells Fargo Bank 787 14,911 3 One Reverse Mortgage 446 3,802 4 Urban...
The report of the top 100 HECM lenders in the US has been updated for September. Below is a preview of the top 10 reverse mortgage lenders along with their respective production. Rank Lender Loans – Month Loans – YTD 1 Wells Fargo Bank 1,447 14,124 2 MetLife Bank 1,134 7,005 3 One Reverse Mortgage...
The report of the top 100 HECM lenders in the US has been updated for August. Below is a preview of the top 10 reverse mortgage lenders along with their production. Rank Lender Loans – Month Loans – YTD 1 Wells Fargo Bank 1,665 12,677 2 MetLife Bank 936 5,871 3 One Reverse Mortgage...
HUD issued mortgagee letter 11-29 today in reference to FHA maximum loan limits. The Mortgagee Letter is effective from October 1, 2011 through December 31, 2011. However, if legislation is enacted to extend the current FHA-insured loan limits, which expire on September 30, 2011, the Department will publish a Mortgagee Letter which defines the most recent...
