HECM endorsements dropped -3.3% in February, continuing a slow decline from the recent high reached in December.
- Just 4 of the 10 regions grew in the month, but both of the top two regions were among them albeit by only 2 loans for Southeast/Caribbean
- And just 3 of the top 10 lenders increased volume, with HighTech Lending leading the way (up 73.4% to 189 loans)
- Liberty posted 65.6% growth to 376 loans, its highest volume since April 2016
- Last but not least, AAG improved further on its industry leading volume, rising 10.5% to 1,064 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.