HECM endorsements declined -3.6% in May, continuing to slowly recede following the spike in March. After holding up better in April the Wholesale segment accounted for much of May’s decline, dropping -6.7% compared to Retail/direct at just -0.6%.
We also saw several big lenders rising in the month, with 7 of the top 10 posting gains:
- Live Well grew 21.6% to 197 loans
- Nationwide Equities was close behind, rising 19.8% to 115 loans
- Synergy One edged up 8.2% to 250 loans
Don’t forget to check out the rankings on page 3 (trailing twelve months with channel splits) and page 4 (single month retail only). If your company is not an FHA approved lender, these are the only industry rankings where you’ll appear!
Click the image below to access the full report.
