HECM endorsements declined -12.1% to 4,254 loans. That drop completed the round trip back to February volume levels after a large increase in March, although staying slightly above the monthly average from last year.
- 9 of the 10 regions around the country declined, with the exception being the smallest region (Great Plains)
- Each of the top 10 lenders declined, with the smallest being a -5.3% decline from Finance of America Reverse and RMS dropping out completely
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.