Reverse Mortgage Volume Drops Significantly In April
News

Reverse Mortgage Volume Drops Significantly In April

May 5, 2020
by
Navi Persaud

The COVID-19 pandemic heavily affected reverse mortgage endorsement volume for April 2020, as volume dropped 45% to 1,601 loans during a month, according to Reverse Mortgage Daily. Additionally, industry advisors claim that based on data from the Department of Housing & Urban Development, some lenders posted zero closings in April.

Click here to read more about April's reverse mortgage volume.

Written by 
Navi Persaud

Navi is the Director of Online Content for American Business Media in West Hartford, Conn.

npersaud@ambizmedia.com
Reverse Mortgage Volume Drops Significantly In April
May 5, 2020 11:50 AM
by
Navi Persaud
News

The COVID-19 pandemic heavily affected reverse mortgage endorsement volume for April 2020, as volume dropped 45% to 1,601 loans during a month, according to Reverse Mortgage Daily. Additionally, industry advisors claim that based on data from the Department of Housing & Urban Development, some lenders posted zero closings in April.

Click here to read more about April's reverse mortgage volume.

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