Wholesale reverse mortgage originations have seen an unexpected increase at the beginning of the year, despite a general decline in Home Equity Conversion Mortgage (HECM) volume. Data from the Reverse Mortgage Insight (RMI) indicates that this rise in wholesale originations could signify a shift in the market dynamics within the mortgage industry.
Key points from the data on wholesale reverse mortgage originations include:
– Surprising increase in wholesale originations at the start of the year
– Contrast with an overall lag in HECM volume
– Potential implications for market trends and dynamics
Overall, this shift in wholesale reverse mortgage originations highlights the complexity and fluidity of the mortgage industry, and suggests that industry professionals should closely monitor and analyze market trends to stay informed and adapt to changing conditions.
You can read this full article at: https://www.housingwire.com/articles/retail-reverse-mortgage-production-took-a-hit-in-january/(subscription required)
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