June continues to show strong growth for Reverse Mortgage Lenders, up 8,633 unit sales from May. Although this is still well below the rolling 12 month average, the industry is only .6% lower from last year, showing 58,894 units. Wells Fargo leads the pack, holding almost half of the entire top 10. The top ten alone represent 44% and continually to increase in volume.
From a regional position, The New York Metro area, The Souhwest, Rocky Mountain States and Northwest, make up for the weaker areas across the states. The Southeast and Pacific States are the weakest areas of the Nation.
The Nations top lending institutions for June are.
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