While the monthly volume of government-insured reverse mortgages increased from the retail channel, the wholesale channel experienced a decline.
In June, retail originators were responsible for 2,190 of the 3,763 home-equity conversion mortgages endorsed by the Federal Housing Administration.
Retail HECM originations picked up from the prior month, when the total was 2,034, but tumbled from a year prior, when the number was 2,971.
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From:: Financing