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HECM endorsement volume dropped 15.5% in June to 2,838 units, the lowest endorsement level seen since May ’05.
Being short staffed with the holiday and travel, we are keeping the commentary to that headline number this month.
Happy Independence Day!
HECM endorsements dropped -5.7% to 1,919 loans in August, the lowest total since February. We don’t have application data (HECM cases issued) beyond June yet, but we did see an
HECM endorsements dropped -1.5% to 2,034 loans last month, although the lender count dropped considerably more (-10.3%). HECM applications dipped slightly under 3,000/month in June, the first time we’ve seen
HECM endorsements grew 4.9% to 2,064 loans last month. HECM applications (as evidenced by case numbers issued) have been consistently above 3,000/month since February, so all indications point to steady
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