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HECM Lenders

Fashionably Late – HECM Lenders July 2021

HECM endorsements rose 3.2% in July to 4,293 loans, in a slightly delayed release due to system updates at HUD. While we again saw only ...

Smaller Stories – June 2021

HECM endorsements fell -4.4% in June to finish at 4,160 loans, extending the industry’s current streak to 7 consecutive months above the 4,000 loan level. ...

Winners Run – HECM Lenders May 2021

HECM endorsements grew 3.9% in May, finishing at 4,350 loans. There’s a saying in the stock market that traders should let winning positions “run,” or ...

Steady State – HECM Lenders April 2021

HECM endorsements dropped -0.8% in April, finishing at 4,187 loans. With such a small decline nationally it was a bit surprising to have just 3 ...

More Days – HECM Lenders March 2021

HECM endorsements inched up in March, rising 3.8% to 4,220 loans. Growth was found in several regions, including the largest region rising to a new ...

Short Month Blues – HECM Lenders February 2021

HECM endorsements eased off a bit from January’s level, falling -10.4% to 4,066 loans. Part of this is due to a shorter month with only ...

Hello New Year – HECM Lenders January 2021

HECM endorsements started the new year with a bang, rising 10.8% to 4,539 loans. That’s the highest since the surge in May as endorsements caught ...

Goodbye 2020 – HECM Lenders December 2020

HECM endorsements finished 2020 well, rising 15.1% to 4,097 loans. It was quite the roller coaster for everyone last year and the reverse mortgage industry ...

HECM Lenders – November 2020

HECM endorsements continued their slow trickle downward, losing -4.7% in November to end the month with 3,561 loans. Four of the ten regions grew, but ...

HECM Lenders – October 2020

HECM endorsements dropped -5.1% in October, ending the month with 3,737 loans. Geographically, the industry had its two largest regions post declines while half of ...

HECM Lenders – September 2020

HECM endorsements continued their slow drift downward in September, falling 1.75% from August numbers. Only one of the ten HUD regions added volume in the ...

HECM Lenders – August 2020

HECM endorsements declined -5.9% in August to 4,007 loans, as reverse mortgage volume continues to be strong in the pandemic era. Four of the ten ...

HECM Lenders – July 2020

HECM endorsements grew 1.1% in July to 4,256 loans, lending further credibility to the increased volume levels since initial pandemic slowdowns in endorsement processing for ...

HECM Lenders – June 2020

HECM endorsements fell -16.5% in June from a inflated May total artificially by the backlog from April, but still registered the second highest monthly total ...

HECM Lenders – May 2020

Last month we weren’t depressed by incredibly low April HECM endorsement numbers, and this month we look at the figures as catching up rather than ...

HECM Lenders – April 2020

The coronavirus pandemic has distorted many numbers, and we can add one more casualty. HECM endorsements crashed -45% in April to 1,601 loans, lower than ...

HECM Lenders – March 2020

HECM endorsements declined -14% in February, continuing the decline seen in February.. None of the 10 regions we track were up on the month, with ...

HECM Lenders – February 2020

HECM endorsements declined -13.6% in February, moderating the blistering January pace but still well above levels from early 2019. Just 3 of the 10 regions ...

HECM Lenders – January 2020

HECM endorsements started the new decade off with a bang, rising 59.2% to 3,919 loans. That’s the highest monthly total since February, which was artificially ...

HECM Lenders – December 2019

HECM endorsements dropped -13.4% in December, ending at 32,482 for calendar 2019. All 10 of the regions we track were down reflecting a broad based, ...

HECM Lenders – November 2019

Sorry for the late update here! We’ve been under the weather this week… Click the image below for the full report.

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HECM Lenders – October 2019

HECM endorsements increased 36.2% in October, providing a nice sugar rush to this post-Halloween morning for reverse industry folks The regions were all higher, with ...

HECM Lenders – September 2019

HECM endorsements increased 3.4% to 2,420 loans in September, continuing a second consecutive month of low production levels. The last time volume was lower than ...

HECM Lenders – August 2019

HECM endorsements dropped -15% in August to 2,341 loans, throwing a little cold water on the industry after 6 months of relatively optimistic endorsement volumes ...