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HECM endorsements declined -14% in February, continuing the decline seen in February..
None of the 10 regions we track were up on the month, with only one (Northwest/Alaska) unchanged for the period.
One a better note, three of the top ten lenders saw volume increases:
Click the image below for the full report.
March bounced back from the short February, rising 16.3% to 2,117 loans, although that remains below every month since August (if we average Oct/Nov due to the shutdown). That continues
February is a short month every year, which also typically means fewer HECMs endorsed. Last month was no exception, dropping -20.7% to 1,821 loans, but the size of that drop
The good HECM news is that endorsements grew 5% last month to 2,295 loans. The bad news? Both December and January were well below the figures from a year ago,
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