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HECM endorsements growth in February was led by Retail/Direct lenders rising 20.3%, while Wholesale/Brokers put in a 14.3% increase that would be impressive in most any other month.
HECM endorsements took a disappointing dip in January to the lowest levels in over a year as the industry continued to absorb the impact of Financial Assessment changes last April. The surprise in our HECM Originators report is that almost all of this decline happened on the Retail side of the business, dropping -12.9% in […]
Now that we’ve seen January’s endorsement total we know that December didn’t signal the start of recovery quite yet for the HECM world, but we do know a little more about what happened at the end of the year.
HECM endorsements rose 5.2% in December, with both channels growing but Wholesale in particular bouncing back […]
HECM endorsements fell -7.1% in November and the wholesale/retail split diverged substantially
The disparity is even greater when comparing the […]
HECM endorsements fell for a second consecutive month in October and once again, wholesale declined faster than retail, dropping -8.6% compared to -6.3%, respectively. As always, there were standouts even in a down month and this month it was lenders bouncing back from a tough September:
Happy Thanksgiving to everyone in every corner of the reverse mortgage industry! Hope everyone has fantastic feasts with family and friends.
September HECM endorsements dropped -18.8%, but as we typically see in volatile months for volume wholesale moved quite a bit more, dropping -26.2% compared to retail’s -11.6%. As usual though some companies bucked the trend.
We’ve been talking for months now about the impending drop in HECM endorsement volumes resulting from FA, but now we know that September was the first month of that new era from the endorsements volume perspective. That makes this report our last (and highest) reading of volume pre-FA for HECM Originators.
As per usual (but […]
HECM endorsements fell -5.1% in July, but the channel split was more interesting than usual. Wholesale/brokered volume grew marginally while Retail/direct dropped -9.3%. That’s out of character for the typical pattern in which we see wholesale as more volatile than retail, but the real test comes when endorsement volumes are likely to fall (perhaps as […]
HECM endorsements jumped 24% in June as borrowers rushed in before Financial Assessment rules would apply to their loans (all case numbers issued after April 4). This growth fueled solid gains for several top ten lenders:
HECM endorsements dropped -4.9% in May, with wholesale/brokers bearing a slightly larger share of the decline at -5.4% compared to retail/direct at -4.6%. There were some large declines for some top ten lenders, but as always there were winners too:
