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HECM endorsements rose 4.8% in October, continuing the up and down gyrations as we head into year end. Active lenders grew 6.6% in the month, with a net increase of 12 companies endorsing at least one loan in the month.
As might be expected with such a minor volume increase, the story was mixed when you dive […]
HECM endorsements were up by a surprising amount in August as we pointed out in our HECM Lenders report last month, but pessimists and cynics alike can take comfort that year to date industry volume remains down at -16.8% as of August.
That being said, those looking for bright spots can continue to find hope in […]
HECM endorsements rose 24% in August, and now we know that jump was powered by a jump in both Retail and Wholesale channels.
HECM endorsements declined -14.7% in September, making the August jump look more like an outlier for now than a new growth trend.
Lenders showed a more varied picture, with 4 of the top 10 managing growth:
HECM endorsements are down -15.6% through July this year, but there are always some areas of the country doing well. We’ve picked out a few below but check the full report to find your closest growth area!
HECM endorsements dropped -6.2% in July, with Retail giving back all of the gains in June on a -7.2% decline while Wholesale posted a fifth straight month of declines, down -4.8%. Even so, several companies showed impressive growth on the month in our page 4 rankings:
HECM endorsements rose 24.1% in August to 4,387 loans in a welcome reprieve from the prior three months below the 4,000 loans/month level.
Volume was up across the board in all 10 regions, with the biggest jump in Rocky Mountain at 54.8% to 356 loans and that region’s highest monthly total in over 12 months.
Our top […]
HECM endorsement volumes for the year through June are down -13.1% from a year earlier, a figure that got significantly worse in just one month due to the big jump in June 2015 endorsements volumes. Check out the chart at the top of page 1 and you can see that the next few months won’t get any […]
HECM endorsements for November rose 12% to 4,690 loans, marking the impact of standard ARM applications taken before the Sep 30th program changes. We expect to see endorsements continue to be relatively strong for the next few months, but turn significantly lower toward the end of Q1 next year. New applications are falling well short […]
NRMLA’s annual convention is just around the corner. Since we want everyone feeling good and happy next week at the conference, lets look at the numbers on an annual basis, and see what kind of positive things we can find.
