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HECM

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Retail Growth Snaps Streak of Plummeting Reverse Mortgage Volume 

Aug 18, 2016By

Home Equity Conversion Mortgage (HECM) endorsements finally snapped a three-month streak of declining volume in June when industry-wide endorsements rose 3.4%, an increase driven by a boost in retail originations, according to the latest industry data. Of the total 3,763 HECM endorsements reported in June, retail originations accounted for 2,190 loans, representing a growth of […]