Now offering expert services and software tools for Servicing Oversight and Portfolio/Asset Management. Learn More.
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.
NRMLA New Orleans is right around the corner – if you’re going to be there too let’s connect!
It’s been a while since we’ve published the HECM Trends report and this is a great time to show where reverse volume is happening.
The whole industry has grown […]
Updates from a broker and wholesale perspective have been hard to come by this year, but publishing this July edition of HECM Originators should give a better sense of total industry rankings including the effects of broker volumes.
We already know that HECM endorsement volume was up in July, but it had been harder to track […]
HECM endorsements dropped -15.9% in September to 4,527 loans in the beginning of what we expect to be a trend of falling volumes related to the FHA HECM program changes enacted earlier this year.
Based on case numbers issued trends (a proxy for applications) in the chart below, it’s pretty easy to see that the decline […]
HECM endorsements for August declined -6.5% to 5,382 loans. July’s total was increased by HECM Standard fixed rate volumes working through the pipeline, so we’re likely seeing a reset to a lower level given weakness in funding volumes starting in July. There is a 2 month lag time from funding to endorsement for most loans, […]
HECM endorsements for July 2013 totaled 5,756 loans, up 7.1% from June and 15.2% year to date. The increase of 48.8% from last July’s dismal level of 3,868 was even more dramatic, but that was also the start of a 6 month period with 4 of the lowest volume totals in recent memory (under 4,000 per […]
HECM endorsements rose 0.4% to 5,372 loans in June, finishing 3.6% above June 2012 level. Despite the very small increase in June, 7 of the 10 regions tracked were up, although notable exceptions were the top 2 regions (Southeast/Caribbean and Pacific/Hawaii).
Among lenders, consolidating volume for the merger of Security One Lending with RMS results in […]
It’s been seven long months since we last published HECM Trends, and even longer since we’ve shown year to date growth on the report. We’re happy to break both streaks today with the April 2013 HECM Trends report.
Year to date HECM endorsement volume through April is up 10.2% compared to the same period in 2012. […]
After a long hiatus, HECM Originators is back with the most accurate lender rankings (including both retail and TPO/broker volume) and originator rankings (including TPOs and brokers alongside FHA approved lenders) in the industry.
Last time we published this report, Metlife Bank was still the top lender on a trailing twelve month basis. This month we […]
HECM endorsements were down 7.2% in May to 5,352 loans and continuing a modest trend of weakness since the recent peak in March. Year to date volume is up 12.4%, while competition as measured by active lenders is up 3.0%
With the 4/1 moratorium on new applications for HECM standard fixed rate products, one of the […]
