Local Focus: Michigan Reverse Mortgage Stats
michigan reverse mortgage loan closed 2008.
Michigan has seen some increased HECM activity during the 1st three quarters of this year. Even with many counties having poor equitiy positions due to heavy foreclosures and job losses, many seniors are applying and getting approved for reverse mortgages, according to HUD.
Michigan Reverse Mortgage Lenders. So, who are Michigan’s top reverse mortgage lenders? The following table shows Michigan’s top 25 originators of HUD HECM loans thus far for calendar year 2008:
| Top Michigan HECM Lenders | HECM Loans 2008 |
|---|---|
| WORLD ALLIANCE FINANCIAL CORP | 123 |
| SENIORS EQUITY INCOME INC | 87 |
| REMINGTON MORTGAGE INC | 85 |
| COLONIAL MORTGAGE CORP | 75 |
| WELLS FARGO BANK NA | 74 |
| FIRST FINANCIAL MORTGAGE CORP | 67 |
| FINANCIAL FREEDOM SENIOR FUNDI | 47 |
| CENTURION MORTGAGE CORPORATION | 45 |
| VAN DYK MORTGAGE CORPORATION | 39 |
| SUCCESS MORTGAGE PARTNERS INC | 37 |
| ALLIED HOME MORTGAGE CAPITAL C | 34 |
| BEST MORTGAGE SERVICES LLC | 27 |
| SECURITY MORTGAGE CORPORATION | 27 |
| SENIOR AMERICAN FUNDING INC | 21 |
| EXECUTIVE MORTGAGE OF MICHIGAN | 21 |
| INDEPENDENT MORTGAGE COMPANY | 17 |
| TOP FLITE FINANCIAL INC | 16 |
| SENIOR INDEPENDENCE LLC | 15 |
| QUALITY 1ST LENDING LLC | 14 |
| PACIFIC REVERSE MORTGAGE INC | 12 |
| CLARK FINANCIAL GROUP LLC | 11 |
| COUNTRYWIDE BANK FSB | 11 |
| OMNI HOME FINANCING INC | 11 |
| GRIFFIN FINANCIAL MORTGAGE LLC | 11 |
| NATIONAL CITY BANK | 9 |
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Related posts:
- Georgia Top HECM through Q3 2008
- Reverse Mortgage Local Focus: San Diego, California
- California Reverse Mortgage Information
- New HUD Rule Allows Reverse Mortgages For Home Purchase
- First American, First to Score Reverse Mortgages
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