Category Archives: HECM Lenders

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 […]

We had such a favorable response to the boxing title last newsletter that we’re sticking with it today. And judging by May’s endorsement total, we may exhaust our limited stock of punchy phrases before we pick ourselves up off the mat.

May HECM endorsements came in at 5,188, down -15.3% from April but up 13.9% from […]

It sometimes seems that the one thing every business has in common is that progress is never a straight line. The reverse industry has certainly had its share of detours and bumps, so it might come as no surprise that April’s endorsements were down -16.2% from last month to 6,124 loans.

That volume […]

March was more than just the end of the first quarter for the reverse mortgage industry, as it marked the first time since July 2009 that the industry grew from last year. March endorsements came in at 7,306, up 25.5% from last year and up 5.8% from last month.

It takes more than […]

We normally think of a ‘killer app’ as a perfect use that grows a new technology from curiosity to must have item. Just as email and search engines helped us all figure out what the internet could mean to our lives, so much that now we can’t imagine our lives without them and internet is […]

January HECM endorsement numbers were underwhelming, but we’re not throwing in the towel on the year because we see positive developments just around the corner. We also have December application numbers to update a long-running chart series, so let’s dig in.

First, endorsement volumes for January came in at 6,464, down -1.4% from December and down […]

Retail HECM endorsements for December were virtually flat with November, down just -0.1% to 6,554 loans. That story isn’t much to write home about, but fortunately there’s a much bigger story hiding just below the surface. First though, let’s settle final 2010 numbers for those keeping track:

• 72,748 HECM Endorsements, down -35%
• 2,222 active lenders, down -28.9%

We’ve […]

Retail endorsement numbers are out for November, and were much improved vs the last couple months. This is likely due to pullthrough from September’s inflated apps, and we wouldn’t be surprised to see another strong number in December as more of September’s apps are burned off.

Ok, on to the report. Here […]

We’re a week later than our usual schedule this month, but after seeing how wild the French Quarter was this past week (the Realtors’ convention overlapped with NRMLA’s Annual event), we’re just happy we made it back without permanent injuries! It was a great time in New Orleans and we really enjoyed catching up with […]