August 14th, 2012 
davidguide Including government-insured and proprietary loans, reverse mortgage production grew during the latest month. The improvement hit both the retail and wholesale channels. With a new world order just around the corner for the sector, one company is poised to be the new leading originator. Retail originators were responsible for 54 percent of previously reported home-equity conversion mortgage endorsements by the Federal Housing Administration during June. Retail HECM volume increased 9 percent from the previous month but fell 20 percent short of HECM production a year earlier. Wholesale HECM originations jumped 28 percent from May and inched up 2 percent from June 2011.
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