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HECM endorsements finished down -13.1% for the calendar year 2014 at 52,949 loans. That decline was expected with the initial utilization restrictions implemented late last year by FHA, but the good news is that 2014 finished on an upswing. Both October and December exceeded both 2013 and 2012 figures.
One trend we’ve been seeing lately is the […]
Last time in the HECM Trends report we wrote about Nevada bouncing back from the housing crash with growing HECM endorsment activity and this month Sacramento is our focus.
California’s capitol city and suburbs don’t feature much on page one of our report, except […]
HECM endorsements were up 29% in October, higher than each of the last two years for that month and even October 2011. This month we’ll dive into the state of Nevada to look behind the 25% increase in endorsements Jan-Oct and see how the state is shaping up.
Of the 96 zip codes with volume in […]
One of the interesting items (among many!) in our HECM Trends newsletter is the year over year comparison of HECM endorsement volumes at the top of page 1. In this month’s version, you can see that September came in right on top of 2012’s total which is interesting given that year is the […]
In spite of the ugly chart at the top of page 1 showing August endorsement volume falling off the cliff compared to the last 2 years, there’s always a bright spot. In this case, Florida is showing up in our rankings with growing maximum claim amounts (MCA) on page 2:
The top graph on page 1 of HECM Trends shows the past three years of HECM endorsement volume – right now it’s eerie how closely this year is patterning to 2012. Given that August 2014 volume checked in well south of August 2012 that pattern […]
Our last update for June endorsements before August totals come out next week, we’re looking again at HECM Trends.
May’s HECM endorsement volume was down -15.6% from 2013 but up 1.5% from 2012. It’s tempting to say that 2014 will come in near 2012 totals, but the downside scenario is closer to 2005.
We had a discussion with a forward mortgage vendor this week who asked where the top reverse mortgage markets could be found. After discussing the balance between numbers of age eligible homeowner households vs. home values and appreciation, we realize we should have simply forwarded him this month’s HECM Trends report with two words: “sand […]
In this edition of our HECM Trends report, we’re focused on geographies with growing dollar volumes of HECM endorsements around the country. Loan counts might be down -6.3% in Q1 compared to last year, but there are always sunny spots if you know where to find them (hint – on the bottom of page 2!).
