HECM endorsements dropped -22.1% in April, with Wholesale again dropping more (-25.6%) compared to Retail (-19.6%).
Some lenders managed a good showing despite the decline:
- One Reverse followed up a modest gain in March with another steady performance, rising 3.8% to 271 loans
- Longbridge recovered some of last month’s drop, growing 1.7% to 119 loans
- Fairway grew 31.9% to 95 loans, furthering their 115.8% growth year to date
Look out for this report each month as the most accurate reflection of origination loan counts available!
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