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We previously reported that HECM endorsements for Nov 2013 were up 11.9% from October, but today we will dive into more detail about retail/direct lenders vs. wholesale/broker channels.
As we’ve mentioned before, a familiar pattern for these channels is to see wholesale as a more volatile channel […]
Updates from a broker and wholesale perspective have been hard to come by this year, but publishing this July edition of HECM Originators should give a better sense of total industry rankings including the effects of broker volumes.
We already know that HECM endorsement volume was up in July, but it had been harder to track […]
After a long hiatus, HECM Originators is back with the most accurate lender rankings (including both retail and TPO/broker volume) and originator rankings (including TPOs and brokers alongside FHA approved lenders) in the industry.
Last time we published this report, Metlife Bank was still the top lender on a trailing twelve month basis. This month we […]
HECM volumes took it on the chin in September, dropping -10.6% from August. Retail (-11.1%) and Wholesale (-9.9%) fell by similar percentages, with the drop of First National Bank of Layton from Retail due to their previously announced exit likely made the difference between the two.
Continuing the trend of companies capitalizing on lender exits, Proficio […]
August HECM endorsements bounced back up 7.1% from what we now know was only the first exceedingly low volume month in Q3. We also see that the bounce was entirely in the Retail/direct channel of the business, whereas Wholesale/TPO business was essentially flat from July to August.
Looking […]
In our HECM Lenders report about July’s volumes, we noted that Metlife’s exit seemed to work through the endorsement numbers faster than Wells and BofA last year. The new information to report here is that both Wholesale/brokered and Retail/direct endorsements were down strongly(-27.8% and -24%, respectively), […]
HECM endorsements were up significantly in June to 5,182 loans, 17.1% higher than May. We speculated in last month’s HECM Lenders report about the possibility of Metlife pushing to close and insure as many loans as possible before their 6/30 exit date from the industry (for […]
We’ll keep it short and sweet today with just a few highlights from the May HECM Originators report:
Be sure to check out the rankings to see where your company (or your closest competitor) finished for the past 12 months […]
HECM endorsements rose 5% in April, with the increase roughly similar across both retail/direct and TPO/wholesale channels. These aggregate numbers don’t show a significant spread between the channels, but as always there is a lot of movement among individual companies in the rankings.
On page 4 of the report below, we find 4 of the top […]
March was the lowest month in recent memory for HECM endorsements, down -19.3% to 4,374 loans. We have to go all the way back to September of 2005 to find a month with lower volume.
Broker/TPO channel business declined dramatically, dropping -26.6% compared to -12.8% for retail/direct. This relative performance gap has swung both ways in […]
