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As a courtesy, RMI provides monthly reports using HECM data published by the Department of Housing and Urban Development.

March highlights, include:

• Endorsement volume of 11,261 units brings the YTD total to 30,205, recovering significantly from last month and now down just 1.1% from the year prior period.
• 1,973 lenders endorsed a loan thus far this year, up from 1,665 lenders in the first three months of 2008.
• Top 10 lender share has reversed its decline from prior years in the latest surge, now accounting for 43% of volume, up from just 38.1% last year.
• One Reverse Mortgage (Quicken Loans) is powering up the charts to rank 4 nationally from 24 last year.
• Regionally, Pacific/Hawaii continues to be experience healthier trends (slight decline in loan volumes but also slight decrease in lenders) while Southeast/Caribbean (Florida) follows the path of California two years ago - volume declines are still small but lenders continue to increase anyway.
• Northwest/Alaska is the only region in the country where loan volume is growing faster than competing lenders, albeit from a relatively low base in each case.