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HECM endorsements dropped -8.3% in February, but that masked a slight improvement in Wholesale/broker volumes (+3.9%) as Retail/direct sank -15.7%.
While the shortest month of the year rarely provides great insight for the rest of the year to come, our page 4 ranking report offers some clues as to how the downturn has affected different companies […]
HECM endorsements started the year slowly, but Retail/direct volume suffered disproportionately (dropping -3.7%) while Wholesale/brokers actually gained ground, rising 2% in the month. That’s mildly interesting given the lag time for endorsements, but case numbers issued in January rose to their highest level since October in a much more important signal that reverse is looking […]
Our last report for 2023 is here! We already knew 2023 endorsements dropped -48.1% from 2022 as higher interest rates drove refinances to near zero and reduced the appeal of even non-refinances to new customers.
The additional context we’re adding today is that Retail/direct held up better at -43.4% for the year while Wholesale/broker dropped a […]
After a 3 month hiatus with data delays and a truncated report, HECM Originators is back just in time for the holiday season! Of course, the numbers on the report are something less than cheery, but that’s the kind of year it’s been in the world of reverse mortgage originations.
As previously reported, overall volume grew […]
June HECM endorsements bounced back from May’s rainy day, but just half of the top 8 lenders grew their own volume on the month.
May saw the industry creep up a touch, while just 2 of the top 8 lenders dropped volume.
May also brought encouraging signs on the case numbers issued front, with total volume […]
The industry overall gave back its AAG exit gains and then some. But just 2 of the other top 8 lenders (excluding RMF) posted declines – quite a divergence!
Bank turbulence and the resulting impact on […]
HECM endorsements were up a whopping 73.3% in March, as AAG pushed through a bunch of endorsements ahead of being acquired by FAR.
Beyond AAG, 5 other top 10 lenders were up on the month:
HECM endorsements were down -12.2% in February’s short month, with both channels dropping almost identical amounts. It’s the fourth straight month of clean sweep declines, although we already know March broke that streak.
Half of the top ten lenders were up in February despite the overall decline:
HECM endorsements were down -10.8% in January, as Retail/direct dropped -9.4% and Wholesale/broker declined -12.8%. It’s the third straight month of clean sweep declines, with both channels losing altitude together.
Three of the top ten lenders grew their business to start the year:
