Inventory
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Single family homes on the market. Updated weekly.Powered by Altos Research
722,032+456
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30-Yr. Fixed Conforming. Updated hourly during market hours.
7.00%0.01

Reverse Market Insight

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HECM Volume Struggles in July 

Aug 02, 2011By

Signaling the start of what is likely to be a challenging second half of the year for HECM endorsement volume, total endorsements dropped by 5.9% in July.   According to the latest Retail Leaders Report from Reverse Market Insight, endorsements in July totaled 5,511.  After crossing over to year-over-year positive growth in March, the latest month fell back into negative territory at 6.6% below July of 2010. With the start of this decline, expected to continue as the wind down of Wells Fargo is felt in the tail end of the year, it appears that the industry will see

3d rendering of a row of luxury townhouses along a street

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