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HECM

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Reverse Mortgage Volume Stunted by Ongoing Wholesale Decline 

Jan 20, 2016By

Reverse mortgage volume may have ended 2015 with a slight endorsement bump in December, but the prelude to that is a downward spiral of production from the wholesale channel, according to recent industry data. For the third month in a row, wholesale Home Equity Conversion Mortgage (HECM) endorsements declined, most recently dropping 18.3% to1,553 units […]