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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 underlined the point. March endorsements totaled 4,381 loans, down -19.3% and the lowest level since September 2005.
This marks […]
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% in February to 5,426 loans and the highest level of the past five months.
Six of the ten regions we track were up from January, with the biggest gainer […]
If your New Years resolution was to produce more loans in 2012, then you had lots of company along for the ride. January HECM endorsements totaled 5,175 loans, the highest level since September and up 11.6% from last month. On the pessimistic side, Oct-Dec are the only months lower than this total in the past […]
Happy New Year! 2012 may yet become a fantastic year or a dismal one, but the best thing about this year is the vast potential presented by an entire year stretching out in front of us.
December finished on a modest down note, with HECM endorsements down -0.4% from November to 4,636. Active lenders increased 4.4%, […]
November HECM endorsements totaled 4,654, up 1 loan from last month. The lack of change in industry overall volume is remarkable considering the second shoe dropped on Wells Fargo’s expected volume decline. Last month we were very worried about the Wells volume decline given that last […]
We’ve known for some time now that Wells Fargo’s endorsement numbers would drop dramatically as we headed toward the end of the year – now we have our first month’s view of the industry ex Wells.
HECM endorsements for October were down -16.8% to 4,653, the lowest total since the industry bottomed out in May 2010 […]
September HECM endorsement numbers were down -3.7% from last month to 5,590. The number of active lenders continues to decline but has started to bottom out in the low 200’s per month, so we’ve likely seen most of the impact from FHA’s lender approval changes already baked into these numbers.
While we continue to trend lower […]
Lender volume presented on this report includes third party originations (TPO) of any company not FHA approved under their approved sponsor lender. As of this month this report has been re-named from “Retail Leaders” to better identify it as the ranking of HECM Lenders closing loans under their own FHA approval (regardless of whether a […]
Lender volume presented on this report includes third party originations (TPO) of any company not FHA approved under their approved sponsor lender. As of next month this report will be re-named “HECM Lenders” to better identify it as the ranking of HECM Lenders closing loans under their own FHA approval. If you are looking for […]
Another month is in the books, and while volumes continue to be less than stellar, we’re getting a better picture of what the major lender exits portend for our future volumes. We can officially mark June as the month that BofA left the building from an endorsement perspective, given the decline from 896 retail endorsements […]
