HECM endorsements declined -14.7% in September, making the August jump look more like an outlier for now than a new growth trend.
- All 10 geographic regions declined, with Southeast/Caribbean dropping just -0.7% while Rocky Mountain dropped a whopping -42.4%
Lenders showed a more varied picture, with 4 of the top 10 managing growth:
- Nationwide Equities jumped 46.5% to 145 loans, their highest reading in over 12 months
- Liberty and Live Well were neck and neck, rising 36.8% and 35.9% respectively although Livery remains four spots ahead in the rankings
- AAG continues to extend its lead at the top of the table, up 3.8% to 882 loans
If your company is FHA approved check out the rankings on page 5 of the report below. If your company is not FHA approved, watch out for our next edition of HECM Originators to find your ranking!
Click the image below for the full report.