It looks like the endorsement spike in January has already calmed down considerably, with HECM endorsements down -17.6% to 5,201 loans in February.
That’s still better than any month other than January in quite a while, but it’s only going downhill from here as 2018 plays out.
- 9 of the 10 regions were down, with New York/New Jersey gaining 4.2% to 322 loans and top the pack
Lenders fared a little better, with 2 of 10 bucking the national trend
- Hightech soared 82.7% to 190 loans, nudging above Live Well for 7th place on the month
- Reversemortgages.com grew 70.4% to 92 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.