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HECM

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Some HECM Originators See Loan Increases, Despite Overall Drop in Volume 

Oct 22, 2014By

Home equity conversion mortgage (HECM) endorsement volume dropped 20.6% in August, its lowest level since mid-2005, according to the latest data analysis from Reverse Market Insight (RMI).  Wholesale/broker volume dropped 26.3%, significantly more than the 16.2% decline in the retail/direct channel. “August endorsements followed the typical pattern of broker/wholesale being more volatile month to month than […]