Top Reverse Mortgage Lenders Through March 2009

Reverse Mortgages continue to gain momentum as the economy remains tough as endorsements for FHA insurance set a new record in March of 11,261 units which was up 24% from February and surpassing the old record set in February 2008.  The top 10 lenders continued to take market-share overall and generating 43% of the total volume through March 2009.

Rank Lender Name # of FHA Reverse Mortgage Endorsements
1 Wells Fargo Bank 5,520
2 Bank of America 2,731
3 Financial Freedom 1,427
4 One Reverse Mortgage 834
5 Metlife Bank 585
6 World Alliance Financial 514
7 Generation Mortgage Company 511
8 Urban Financial Group 371
9 Money House Inc 270
10 1st AAA Reverse Mortgage 221

 

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