June HECM endorsements dropped -14.6% to 2,102 loans, with Retail/direct losing -8.8% while Wholesale/broker sank -23.1%. And while we know that July endorsements were a bit more positive, the gloomy note for June continues when we look at case numbers issued:
- Overall case numbers issued declined -8.5% to 2,940
- Equity Takeout shrunk -8.9% to 2,482
- Purchase lost -2.9%
- Refis inched up 2.9%
When we look at the month over month endorsement on page 2 of our report, we had 4 of the Top 10 on that ranking with an increase in volume.
- Hightech jumped 173.7% to 52 loans
- Guild gained 19.1% to 56 loans
- FAR took back the #1 spot for the month, rising 2.6% to 603 loans
- South River added 2.3% to 88 loans
Check out the full rankings on pages 3 and 4 of the full report below by clicking on the image.
