Reverse mortgage volume declines
The reverse mortgage dropshipping industry continues to fumble in the wake of last year’s program changes, with new data pointing to a complete reversal of previous indicators of market recovery.
According to analytics firm Reverse Market Insight, HECM volume rose nearly 10% in August, only to fall about 10% in September.
And, while seven of the top 10 HECM lenders saw their volume grow in August, seven out of 10 saw their volume fall in September.
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