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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 March-April were overcome.
Six of the ten regions around the country grew in the month:
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 in a year.
June was 7.4% above the next highest month (January) and underlines the increased activity many lenders have been discussing since shortly after the pandemic started.
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 some new trend.
HECM endorsements more than tripled in May, leaping 214.7% to 5,038 loans. Averaging April and May figures together would have the industry at 3,320 loans per month, just […]
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 the low put in Dec 2018 (1,751) after the last round of PLF and rate floor changes from HUD. While we’d normally be very concerned about this level of drop, we […]
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 only one (Northwest/Alaska) unchanged for the period.
One a better note, three of the top ten lenders saw volume increases:
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 we track were up on the month.
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 boosted by the catch-up from a partial government shutdown late in 2018.
All 10 of the regions we track were up, the second consecutive month that all regions moved in […]
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, but mostly shallow volume decline.
Four of the top ten lenders were up on the month:
Sorry for the late update here! We’ve been under the weather this week…
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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 several showing significant growth:
7 of the top 10 (excluding Live Well) were up […]
