Despite Wells Fargo and BofA bowing out of the reverse industry, however, RMI data shows seven of the remaining eight Top-10 lenders seeing a 37.9% increase in reverse mortgage endorsements from April.
Reverse mortgage volume fell 1.2% month over month in April to a total of 5,770 loans. While marking a slight decline, April still marked the second best month for volume in the past year, according.
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First American CoreLogic recently released a study that ranks America’s top 10 riskiest areas in which to make a home loan. From First American CoreLogic, via Mortgage Insider: The Q3 2008 Core.
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