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Falling Conversion Rates Lead to Heavy Reverse Mortgage Losses 

Oct 02, 2012By

Reverse mortgage volume sank sharply in September to 3,706 loans—a 10.1% decline from August and marking one of the lowest months for endorsements in recent memory, according to Department of Housing and Urban Development data reported this week. Across almost all geographic regions and all but one top-10 lender, Genworth Financial Home Equity Access, endorsements fell […]