Longbridge Financial

Big Retail, Wholesale Gains Fuel Reverse Mortgage Volume for These Lenders 

Reverse mortgage volume saw its biggest monthly increase in August when endorsements jumped 24%, a growth driven by similarly big gains in both the industry’s retail and wholesale origination channels. Home Equity Conversion Mortgage (HECM) endorsements totaled 4,378 units in August, comprising 2,440 retail loans and 1,938 loans on the wholesale side, according to the […]