February Top Retail Lenders
The February 2012 Top 100 HECM Lenders Report is here.
Download & see our new & improved report here for all the details.
[ad#BCU Ad Feb 2012]
Advertisement
February 2012 Top 100 HECM Lenders
Advertisement
Share:
Editor in Chief: HECMWorld.com
As a prominent commentator and Editor in Chief at HECMWorld.com, Shannon Hicks has played a pivotal role in reshaping the conversation around reverse mortgages. His unique perspectives and deep understanding of the industry have not only educated countless readers but has also contributed to introducing practical strategies utilizing housing wealth with a reverse mortgage.
Shannon’s journey into the world of reverse mortgages began in 2002 as an originator and his prior work in the financial services industry. Shannon has been covering reverse mortgage news stories since 2008 when he launched the podcast HECMWorld Weekly. Later, in 2010 he began producing the weekly video series The Industry Leader Update and Friday’s Food for Thought.
Readers wishing to submit stories or interview requests can reach our team at: info@hecmworld.com.
Leave a Comment
Advertisement
Advertisement
Recent Stories
Topics
  EPISODE #819 Can you afford health care in retirement? If not here...
  EPISODE #818 Parent company of former HECM lender converts to Chapter 7...
  EPISODE #817 Six questions to ask before getting a reverse mortgage [Kiplingers]...
2 Comments
The appearance of the report is better. Now to what the report points to.
Although February endorsement totals arrived early this morning, the Outlook report for January was released this afternoon. Even though we continue to see lenders jockeying for better positions, the endorsement numbers and case numbers assigned for the industry as a whole are still trending down.
Despite a small tick up last month, the conversion rate for applications with case numbers assigned returns to a downward trend. Applications receiving case number assignments in January fell below 5,800 indicating even lower endorsement totals through May than last year for the same months.
It is expected that the March endorsement total will be barely insufficient to pull the total endorsements for the six month period ended March 31, 2012 to 30,000. In the last few years, the first half of the fiscal year produces more endorsements than the last half. Based on the inventory of applications with case numbers assigned and current trends, it does not appear that the last half of this fiscal year will produce more than 30,000 either. As has been anticipated we will most likely be looking at something between 58,000 and 59,000 HECMs endorsed during this fiscal year.
Hi,
I own some quality financial websites on Mortgage, Real estate, Loan, Debt & other various finance topics. Yesterday I visited your website and I found the content of your website is excellent.
I am interested to do guest post submission in your site:reversefortunes.com. Each of my content is analytical, relevant and copy scape proved. If you wish, you can suggest few topics also for your website.
In return, I would gladly place your articles in my websites. This mutual content exchange will help our websites to get more targeted visitors.
Let me know your thought about the deal.
Regards,
Scott Mathew