Government-insured reverse mortgage production was down again for both retailers and wholesalers, though wholesale has slowed for more consecutive months.
Out of 3,639 home-equity conversion mortgages endorsed by the Federal Housing Administration in May, retail-originated loans accounted for 2,034 of the total.
That wound up being less than during the previous month, when retail loan originators were responsible for generating 2,465 HECM endorsements by FHA.
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From:: Financing