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HECM endorsements dropped a further -7.6% in May, with lender volume again falling more than brokers on the month. Retail/direct lenders dropped -8.2% while the Wholesale/broker channel declined -6.9%.
After 2 full years without an in person NRMLA conference, we just completed our second in 3 months in Baltimore. Business casual reigned and moods relaxed, with […]
HECM endorsements eased down -3.7% in April after a recent high in March, with lenders pulling back more than brokers on the month. Retail/direct lenders dropped -5% while the Wholesale/broker channel declined just -2%.
While we don’t currently publish proprietary volume numbers, there was no shortage of anecdotes at the NRMLA West conference last month that […]
HECM endorsements set a recent record in March by rising 26.4% to 6,495 loans, but we’re digging a bit deeper today:
We already know HECM endorsements dropped in February, but now we know that both business channels showed similar trends on the month.
We can also now say that refis continued at a high level at just over 50% of all endorsements in February – consistent with the past 9 months starting last June in a tight […]
HECM endorsements rose 10.5% in January, with Retail/direct playing some catchup at 13.3% and Wholesale/broker up 7%.
Several top 10 lenders had a great start to the year:
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HECM endorsements grew 5.4% in December, led by Wholesale/broker rising 7.4% while Retail/direct managed 3.8%.
The year as a whole was notable for the sustained rise in HECM to HECM refinances as increasing home prices and low interest rates fueled a surge in resetting existing loans to allow more access to cash and/or lower accrual rates […]
HECM endorsements jumped significantly higher in October, and now we know that Wholesale/Broker volume powered 23.2% compared to 12.3% growth for Retail/Direct.
We talked plenty about top 10 lender performance highlights in our Lenders post for the month, but originators that aren’t FHA approved lenders are what makes this report different:
September saw a return to normal for HECM endorsements, with loan count rising 17.6% after a disappointing August to full recover to the tight range seen before that. Wholesale/broker volume rose 16.6% to hit the highest level in more than a year (likely surpassed in October) while Retail gained 19.3% to leave it just shy […]
August was a bit of a lost month for HECM endorsements, as we saw volume drop -14.1%. Some combination of summer vacations, endorsement lag times, and slowing business activity. Pick your favorite order.
Which makes this a good month for other aspects of our HECM Originators report that don’t always show up:
HECM endorsements rose 2.8% in July to 4,276 loans. Wholesale declined for a fourth straight month, dropping -1.7% while Retail bounced back 5.9% from a poor June showing.
Lenders fared better in the rising tide, with 6 of the top 10 lenders increasing volume.
