New expert services for Servicing Oversight and Portfolio/Asset Management. Learn More.
HECM endorsements were up by a surprising amount in August as we pointed out in our HECM Lenders report last month, but pessimists and cynics alike can take comfort that year to date industry volume remains down at -16.8% as of August.
That being said, those looking for bright spots can continue to find hope in […]
HECM endorsements are down -15.6% through July this year, but there are always some areas of the country doing well. We’ve picked out a few below but check the full report to find your closest growth area!
HECM endorsement volumes for the year through June are down -13.1% from a year earlier, a figure that got significantly worse in just one month due to the big jump in June 2015 endorsements volumes. Check out the chart at the top of page 1 and you can see that the next few months won’t get any […]
HECM endorsement volumes for the year through May were down -9.4% from a year earlier, and even though June volume increased it was still well behind June 2015 so look for this comparison to worsen next month.
That being said, we can always find bright spots in our HECM Trends report:
HECM endorsements through April were down -8.2% from the first four months last year. That’s a bigger decline than we saw last year at this time, but there are still some big volume leaders growing around the country.
This month we’ll focus on cities in our top 10 list on page 1 of the HECM Trends […]
HECM endorsement volume in March almost exactly matched the prior two years’ totals, falling 108 short of March 2015 and just 88 loans short of March 2014.
HECM endorsements have been lower than 2014 and 2015 for each of the first two months (and March will continue that pattern), but the gap is at least narrowing. That makes year over year comparisons a little rosier, particularly if we drill into some of the warmer markets as Spring thaws more of the […]
Each year our first HECM Trends report marks a reset in many ways and this year it’s both good and bad.
On the downside, take a look at the graph on page 1 for an indication of how bad January’s endorsement total of 3,889 was in historical context. The lonely purple dot on the far […]
This chapter brings 2015 to a close, allowing us to review the full calendar year. Last month it was said that “if December shows a tick upward that would be the best news on the trendline this year!“…well, it happened, and there’s nothing wrong with being cautiously optimistic about the road ahead. That said, even […]
Refinances have been a hot topic in the reverse world lately, with NRMLA issuing updated guidelines and HMBS investors asking more questions about the higher prepays than they might have expected when paying significant premiums for new pools. In November, 11% of all HECM endorsements were refinances – a figure which has changed significantly over time […]
