HECM Lenders

July HECM endorsements rose 9.4% to 2,802 loans, the highest level since November if we exclude March’s unnaturally boosted figure from corporate actions. The geographic ...

May HECM endorsements jumped 24.7% to 2,561 loans as the acquisition of AAG by FAR looks to be settling out in the volume figures. More ...

May HECM endorsements inched up 4.6% to 2,053 loans as the case number increases we’ve seen year to date look to be working their way ...

April HECM endorsements fell -48.2% to 1,963 loans, as the noise from multiple corporate transactions in March dropped back out of these results. Judging by ...

If we posted this on Saturday we’d have more than one reader suggesting it was a cruel April Fools joke, but the 3rd is the ...

February is always a short month with fewer working days, but last month also marked another new low for HECM volume in the wake of ...

January HECM endorsements dropped a further -10.7% to 2,489 loans. Rather than beat a dead horse, a picture felt more appropriate here: It’s clear that ...

A month ago we were lamenting the RMF bankruptcy news and with Ginnie Mae’s extinguishment of RMF as an HMBS issuer, it’s now clear that ...

There’s been much bigger news this week with the bankruptcy of longtime industry lender RMF, but endorsements were only good by comparison to that heartbreak. ...

Endorsement numbers for October improved a bit over the volume seen in September, growing a little over 8% month over month. 9 of the 10 ...

Look out below! We’ve been talking about the end of the first real refi boom in HECMs for months now and the proof is finally ...

HECM endorsements rose 16.2% in August, after a potentially worrying decline in July. We don’t have an update yet on case numbers issued past June ...

HECM endorsements shrank -17% in July, as the increases in 10 year CMT rates from earlier in the year flow through the application/funding/endorsement cycle. A ...

HECM endorsements shrank rose 2.7% in June, bucking the headwinds from rapidly rising 10 year treasury rates so far, to finish with 5,937 loans. We ...

HECM endorsements shrank -7.7% in May to 5,783 loans. We have little doubt that the recent rise in 10 year treasury rates influenced that decline, ...

April HECM endorsements sagged -3.8% to 6,265 loans – not bad after setting a 10 year high last month. HECM refinances have always been driven ...

March HECM endorsements leaped 26.3% to 6,510 loans – and no this isn’t an April Fools joke! This is the highest monthly volume level since ...

February HECM endorsements dropped -10.7% to 5,153 loans after a roaring start to 2022, yet held above 5,000 loans per month for the third straight ...

After finishing 2021 on the highs, 2022 has started out even higher! HECM endorsements rose 10.6% to 5,771 loans in January, shifting the conversation from ...

HECM endorsements finished strong with the highest volume of the year, rising 5.4% to 5,218 loans. This is the highest monthly volume since January 2018 ...

HECM endorsements inched down -1.5% to 4,953 loans in November, consolidating gains from October with the second highest monthly volume of the year. Five of ...

HECM endorsements jumped 16.3% to 5,029 loans in October, in an emphatic move higher after a swoon in August. As always, it’s best to take ...

HECM endorsements bounced back 17.6% to 4,326 loans, with vacation season over and even the latest government shutdown averted (for now). The regions were almost ...

HECM endorsements dropped -14.3% to 3,679 loans, as it felt like everyone caught up on 2 years of vacation this summer. The drop is a ...