HECM endorsements declined -0.7% in November, continuing to bump along below 4,000 loans per month as has been the case for much of the year.
- 5 of the 10 regions grew, with the biggest gain in New York/New Jersey, up 26.9% to 307 loans
- Rocky Mountain extended its roller coaster ride to 4 months, dropping -24.4% after the big jump in October
- Similarly, 5 of the top 10 lenders grew in the month, with the biggest gain from Finance of America, up 16.6% to 471 loans
- RMS and One Reverse rounded out the top 3 lender growth stories, up 16.1% and 11.6%, respectively
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.