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 easier in terms of comparisons from last year…
That being said, there are two places worth highlighting in our HECM Trends report this month:
- Denver continues its impressive growth phase, now up 65.1% from last year and outranking some much larger cities as it jumps to the #2 spot nationally
- Austin busted into the top 10 nationally this month with a 34.4% jump to 129 loans
Be sure to check out the full report by clicking the image below.