Lenders Rally Through March's Reverse Mortgage Decline – NMP
Reverse

Lenders Rally Through March's Reverse Mortgage Decline

May 20, 2020
The word resiliency spelled in scrabble letters.
A headshot of Navi Persaud
Director of Events

The latest Home Equity Conversion Mortgage report from Reverse Market Insight revealed that HECM endorsements fell by 14.1% in March 2020. However, some lenders remained resilient through the decline, according to Reverse Mortgage Daily.
 
According to RMD, lenders like HighTechLending and Fairway Independent Mortgage Corporation saw reverse endorsements increase 38.7% and 31.3% respectively. In addition, Finance of America Reverse reported its third 12-month high with an increase of 21.8% according to the RMI data. 
 
“Keeping it simple here, I’d say the two great stories here are Fairway and FAR both showing several consecutive months of growth in endorsements here,” said John Lunde, president of RMI, according to RMD.
 
He believes that positive growth for some of the top reverse lenders in the industry shows encouraging signs.
 
Click here to read the full report on RMI's March 2020 data.

 
About the author
A headshot of Navi Persaud
Director of Events
Navi Persaud is Director of Events at NMP.
Link copied
Published
May 20, 2020
Get the NMP Daily
Industry News
Newfi And Addy AI Announce Partnership

Newfi and Addy AI today announced a collaboration focused on the continued evolution of artificial intelligence in mortgage lending

Newfi and Addy AI today announced a collaboration focused on the continued evolution of artificial intelligence in mortgage lending.Newfi has built innovative lending products and a modern approach to the mortgage market. As the industry evolves, the company continues to exp...

Continue reading
Analysis and Data
Smaller Down Payments Give Buyers More Room, But Rates Limit The Savings

The typical down payment fell 9% from a year ago, while shifting market conditions are giving originators different affordability conversations across the country

Homebuyers are putting less money down than they were a year ago, another sign that increased inventory and greater negotiating room are changing the purchase market.The typical down payment fell to $27,100 in the second quarter of 2026, the lowest second-quarter dollar amou...

Continue reading
Renew your NMLS License — for free.

Enjoy access to a free NMLS renewal class when you attend an in-person event.

Find an event
More from
Reverse
The Untapped Retirement-Lending Opportunity Most LOs Miss

The first installment of NMP’s retirement-lending webinar series showed originators how financial and lifestyle cues can uncover needs that product-first conversations miss

Reverse
Sep 21, 2026
Finance Of America Gets More Reverse Production From The Same Sales Force

Retail funded-loan count rose 33% from the first quarter with stable sales capacity, while proprietary products gained traction by offering some borrowers more cash than HECMs

Reverse
Aug 11, 2026
Record Senior Equity Widens Reverse Mortgage Opportunity

Homeowners age 62 and older hold $14.92 trillion in housing wealth, but lenders still face the challenge of turning equity into production

Reverse
Jul 23, 2026
Finance of America Expands Reverse Mortgage Portfolio With $5.2B MSR Acquisition

Acquisition of approximately 20,000 HECM loans from Onity strengthens the company's servicing platform while establishing a three-year subservicing partnership

Reverse
Jul 02, 2026
Reverse Mortgage Borrowers Are Showing Up Too Late

GreenPath data suggests more seniors are arriving later in the financial cycle, limiting flexibility for loan structuring

Reverse
Apr 22, 2026
HECM Volume Rebounds In March But Signals Persisting Reverse Mortgage Slowdown

Endorsements rise month over month, but flat annual volume and growing proprietary competition reshape opportunity for LOs

Reverse
Apr 07, 2026