HECM endorsements for October totaled 3,745, growing a paltry 1.1% from the low registered in September. This wasn't a large enough increase to even … Read More
Second Shoe – HECM Lenders September 2012
HECM endorsements for September totaled 3,706 loans, down 10.1% from August. The drop was felt across the nation, with 9 of 10 regions tracked seeing … Read More
Holding Steady – HECM Lenders August 2012
HECM endorsements were up 6.6% in August to 4,122 loans, bouncing back from a level not seen in many years but still the second lowest reading in the … Read More
Shaping Up – HECM Originators June 2012
HECM endorsements were up significantly in June to 5,182 loans, 17.1% higher than May. We speculated in last month's HECM Lenders report about the … Read More
The Other Shoe – HECM Lenders July 2012
Last month in this report we talked about two pleasant surprises on the volume side, which leaves us talking about a drop-off this month in HECM … Read More
Pleasant Surprises – HECM Lenders June 2012
HECM endorsements rose 16.9% to 5,187 in June, partly on the back of increases from both Metlife and First National Bank of Layton, both of which have … Read More
S.S.D.D. – HECM Lenders April 2012
The past few days have been dominated by Metlife's exit announcement, but regardless of how you feel about that news the impact on industry numbers … Read More
A Bumpy Ride – HECM Lenders March 2012
We said last month that we didn't expect endorsement volumes to continue their good times given the declines in case number assignments and this month … Read More
Look Out Below – HECM Lenders February 2012
Our first look at February HECM endorsements is here and it's a positive story, although not one we expect to last too long. Endorsements were up 4.9% … Read More
Staying the Course – HECM Trends September 2011
HECM endorsements were down -3.8% in September, and TPO/Wholesale fared worse than Retail/direct volumes. If we put that together with what we already … Read More