HECM endorsements slid -6.7% in September after bouncing back in August, with Retail performing significantly better (-4.6%) than Wholesale (-9.1%).
The largest lenders showed a trememdous spread in performance:
- Live Well bucked the down month to register a second consecutive big growth month, up 36.5% to 247 loans and their highest monthly total in over a year
- AAG was the next best performer among the top 9 lenders and beat the industry average but still saw a -1.8% decline to 1,172 loans
- 1st Nations Reverse showed the highest growth in the top 50 originators, rising 126.7% to 34 loans
Don’t forget to check out the rankings on page 3 (trailing twelve months with channel splits) and page 4 (single month retail only). If your company is not an FHA approved lender, these are the only industry rankings where you’ll appear!
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