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HECM Trends is the last report we put out each month, and it provides an interesting context for the rankings and national industry volume figures we focus on in HECM Lenders and HECM Originators. In last month’s edition, we illustrated how different trends look all the way […]
As the reverse mortgage industry fights through a wave of major lender exits, HECM Trends identifies bright(er) spots within the overall industry volume decline. In the theme of “location, location, location”, we’re focusing this month on zip codes with the most HECM volume year to date.
While Utah has the top zip code in the country averaging […]
Surviving and thriving in the reverse mortgage industry these past few years has required adaptation and flexibility:
Our monthly HECM Trends report is a chance to step away from a lender/originator perspective and look more closely at the places where HECM is performing well. Last month we showed how […]
Any time we get discouraged by low reverse mortgage volumes, we find it helpful to look below the national totals to find areas where the industry is on the upswing. This month case numbers issued (applications) were down to levels unseen in over 6 years, but there’s always a silver lining somewhere.
This month, we found […]
We’ve been fighting off a nasty series of bugs these past 2 weeks, so we’ll keep our intro short this week.
The final tally for the year comes in at 68,566 loans, down -5.7% from last year and capping off 3 consecutive years of industry volume declines. The best to be said for that trend is […]
We’re getting closer and closer to the final reports of 2011, so we’ll preface next month’s numbers by showing one of the biggest trends of the past 3 years: Lender consolidation.
One of the questions we hear a lot is whether having more lenders is good or bad for the industry. Of course, most people dodge […]
It’s been a while since we wrote about a hot HECM market bucking the national downtrend, but this month we have a very interesting one for you. As you might have guessed by the title of this report, we’re talking about Saint George, Utah. The city has more than doubled total Max Claim dollars year […]
HECM endorsements were down -3.8% in September, and TPO/Wholesale fared worse than Retail/direct volumes. If we put that together with what we already know about Wells and BofA exiting and where theirvolumes are by state, what can we expect […]
Last month we looked at state growth rates since 2007 and found North Carolina looking rosy with Texas holding its own. This month we’ll examine how lender exits have changed the landscape from a state perspective.
We looked at endorsement volumes from October 2010 through March 2011 (the last 2 quarters where Wells, BofA and FF […]
