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Most people start the new year with a kiss and party noisemakers (even if just on TV), but since we only think about reverse mortgage stats it just means we have all new growth numbers to share with you in this month’s HECM Trends report!
On a pure volume basis HECM endorsements grew 19.7% in January […]
We wrote in a previous report of our surprise at January’s 19.7% increase in HECM endorsements, now we know that it was primarily wholesale channel loans powering that surge. Wholesale volume rose 39% in January, compared to a 7.5% increase on retail/direct endorsements from December.
Many of the […]
HECM endorsements rose 2.1% in February to 5,166 loans. This small rise put the industry back into positive year over year territory after showing a small decline in January, but that’s going to get a lot harder as March 2013 volume was at levels we haven’t seen since and application and funding volumes in recent […]
The simple way to look at last year’s HECM endorsement activity is that total loan count was up 15.2% from 2012. But for anyone living through 2013’s wild ride, it probably felt like anything but a smooth journey upward.
Arizona and California led the way with loan volume growth in 2013, up 61% and 36%, respectively. […]
Final lender rankings for 2013 are here! Find your company in the consolidated list of lenders on page 3, or single month rankings of all originators including brokers on page 4.
Lender rankings shifted significantly over the course of 2013, especially as the response to 9/30 product changes started to settle in. Four different lenders achieved […]
HECM endorsements rose 19.8% in January to 5,061 loans, the highest total since August. Just last month we speculated that volume would dip in the early part of 2014 – and so far at least we couldn’t be happier to be wrong.
Endorsements were up across […]
HECM endorsements were up 15.8% Jan-Nov 2013 compared to the same period in 2012, but some places were much bigger winners. If you want to put your sales and marketing efforts into the highest best markets, take a closer look with us at this most recent HECM Trends report.
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 […]
The last of the HECM endorsements for 2013 are in the books! HECM endorsements dropped -10% to 4,223 loans in December, while 2013 total loans rose 15.3% to 61,122.
It’s perhaps fitting that the year in which we saw loan volume grow for the first time since 2008 but also the most significant product changes in HECM […]
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 […]
