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Reverse Mortgage Volume Tanks 14% in May, Echoes 2014 Low-Point 

Jun 02, 2016By

Reverse mortgage volume continued its downward trend in May, plummeting to one of the lowest single-month endorsement totals in recent history, according to new industry data. HECM endorsements fell 14.1% in May to 3,646 loans—the lowest monthly total since August 2014, when the industry struggled with the implementation of initial utilization restrictions, according to recent […]