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Application Volume Trends Steady
Mar 25, 2011After what appears to be a weather induced decline in application volume in January, the February total increased 10.2% to 8,149 applications. According to Reverse Market Insight's (RMI's) Industry Trends Report January 2011, application volume has been hovering around 8,000 units since November. While this is a 22.7% increase over volume from a year ago, it is still floating below the 10,000 application level that RMI considers to be necessary to move endorsement volume into a recover and growth mode. In terms of loan distribution for January, HECM Saver made up 4.3% of total endorsements. Given the time
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