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Now that we know November’s endorsement totals weren’t as scary as they could have been, it puts October’s reports in a different light. We reported in last month’s HECM Lenders that October endorsements were down -16.8%, owing primarily to Wells Fargo’s first big monthly decline.
Now that we have […]
November HECM endorsements totaled 4,654, up 1 loan from last month. The lack of change in industry overall volume is remarkable considering the second shoe dropped on Wells Fargo’s expected volume decline. Last month we were very worried about the Wells volume decline given that last […]
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 […]
October HECM endorsement totals were spooky as Wells Fargo’s volume slid down the exit ramp, but what more can we learn about September now that we have detailed figures available? HECM Originators shows us the balance between retail/direct and TPO/wholesale channels, and gives us our first picture of individual TPO companies for the month since […]
We’ve known for some time now that Wells Fargo’s endorsement numbers would drop dramatically as we headed toward the end of the year – now we have our first month’s view of the industry ex Wells.
HECM endorsements for October were down -16.8% to 4,653, the lowest total since the industry bottomed out in May 2010 […]
Last month’s HECM Lenders report showed us that industry volume was up 5.3% in August, despite an expectation of lower totals for the rest of the year. Now that we can see more detailed August data in our HECM Originators report (linked below), we discover that broker/wholesale volumes […]
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 […]
September HECM endorsement numbers were down -3.7% from last month to 5,590. The number of active lenders continues to decline but has started to bottom out in the low 200’s per month, so we’ve likely seen most of the impact from FHA’s lender approval changes already baked into these numbers.
While we continue to trend lower […]
This report has been re-named HECM Trends. Archived reports of the previous Industry Trends reports can still be found here.
Last month in this report we picked up on the theme of smaller states catching up with the historical bellwethers of the industry like California and Florida. This month, we’d like to focus more on […]
This is the first issue of the HECM Originators report, which takes the place of “Wholesale Leaders” for rankings of retail and TPO/broker/wholesale business.
July summary
July endorsements showed a continued trend of better results for retail/direct lenders compared to wholesale/brokered volumes, with Retail declining -5.2% while Wholesale shrank -7.0%. We also saw the gap between the […]
