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Two months into the year HECM endorsements are down -5.5% from last year’s comparable period and slightly less so from the weak start in 2013. ...
HECM endorsements fell -4.5% in February, but brokers bucked the trend with an increase of 4.7% while the retail channel declined -11%. Several lenders also ...
HECM endorsements for March declined -2.3% to 4,640 loans from last month. Endorsements are always a trailing indicator for our industry, and on that basis ...
It’s always fun to look at year to date results for the first month of the year because we’re effectively comparing January with last January. ...
HECM endorsements were relatively flat across both retail (+0.2%) and wholesale (-0.5%) in January, leading to a steady overall industry volume picture. As always though, ...
HECM endorsements for February declined -4% to 4,747 loans from last month and dropped a bit more, -8.1% from a year ago. 7 out of ...
HECM endorsements finished down -13.1% for the calendar year 2014 at 52,949 loans. That decline was expected with the initial utilization restrictions implemented late last ...
Retail led the increase in HECM endorsements for December, up 14.7% to 2,867 units compared to 12.1% rise for the industry overall. Wholesale grew somewhat ...
January saw HECM endorsements mostly flat from December, rising just 0.1% to 4,946 loans. It’s a decent way to start off the new year, but ...
Last time in the HECM Trends report we wrote about Nevada bouncing back from the housing crash with growing HECM endorsment activity and this month ...
HECM endorsements declined modestly in November after a big rise in October, split almost evenly across business channels. Retail originations declined slightly more, down -9.8%, ...
HECM endorsements were up 29% in October, higher than each of the last two years for that month and even October 2011. This month we’ll ...
October started off the fourth quarter strong for HECM endorsements, rising 28.9% to 4,851 loans. That rise was led by brokers, as the wholesale channel ...
December HECM endorsements grew 12.1% to 4,942 loans, marking the highest monthly volume since February. With the full year of 2014 now in the books, ...
HECM endorsements declined -9.1% in November to 4,410 loans but retained most of the big gains from October. Given this somewhat expected pullback we’re not ...
One of the interesting items (among many!) in our HECM Trends newsletter is the year over year comparison of HECM endorsement volumes at the top ...
Just as a rising tide lifts all boats, so the increase in HECM endorsements in September spread the growth virtually identically across the Retail/direct and ...
November 1 traditionally marks the return of the NBA to our living rooms, but more importantly this year also saw a big jump in the ...
In spite of the ugly chart at the top of page 1 showing August endorsement volume falling off the cliff compared to the last 2 ...
August was an ugly month for HECM endorsements, dropping -20.6% to the lowest level since June 2005. Wholesale/broker volumes dropped -26.3%, significantly more than the ...
HECM endorsements bounced back from a dismal showing in August, rising 15.5% to 3,762 loans. That’s still below last year’s pace of 4,527 loans, but ...
The top graph on page 1 of HECM Trends shows the past three years of HECM endorsement volume – right now it’s eerie how closely ...
HECM endorsments were down -1.7% in July, but broker/wholesale business rose 1.4% whereas retail/direct volume dropped -3.9%. A few notables: Urban, Generation, Cherry Creek and ...
HECM endorsements for August underlined the dog days of summer, declining -20.4% to 3,256 loans. Applications and funding have turned the corner back up toward ...
