HECM Lenders – August 2024
August HECM endorsements dropped -3.3% to 2,200 loans, furthering the back and forth we’ve seen with these volumes throughout the summer. The good news is that case number issuance responded positively to the decline in interest rates in July, rising 16.9% to 3,438.
- Equity takeout gained 14.5% to 2,840
- Purchase jumped 50.3% to 215 cases
- Refi increased 20.8% […]