Our Latest Newsletters
Gain valuable insights into the high-level trends in the reverse mortgage industry and be better able to anticipate emerging opportunities.You can browse all our newsletters here in order of publish date or:
December 1, 2022
Oh Dear – HECM Lenders Nov 2022
There’s been much bigger news this week with the bankruptcy of longtime industry lender RMF, but endorsements were only good by comparison to that heartbreak. HECM endorsements continued to settle in at the new normal, falling -6.6% in November, just barely avoiding a new multi-year low compared with just two months ago.
We now have 6 […]
November 16, 2022
HECM Originators – Sep 2022
HECM endorsements plummeted -43.5% in September, with both wholesale/brokers (-47.3%) and retail/direct (-39.8%) off dramatically from August.
The top 10 lenders fared worse collectively than the industry overall, dropping -45.5%.
- Only two of the top 10 declined less than 30% on the month
- Mutual of Omaha dropped -7.7% to 469 loans
- Open Mortgage fell -18.5% to 132 loans
Case numbers […]
November 1, 2022
HECM Lenders – October 2022
Endorsement numbers for October improved a bit over the volume seen in September, growing a little over 8% month over month. 9 of the 10 HUD regions experienced some volume increase during the month, led by the New England and Northwest/Alaska regions (+37% and + 27%, respectively).
On a lender basis, six of our top 10 […]
October 13, 2022
HECM Originators – August 2022
HECM endorsements rose 16.3% in August, with wholesale/brokers (25.3%) outperforming retail/direct (8.8%) substantially.
Eight of the top ten lenders were up on the month – although it’s very likely they all declined in September on the same basis…
- Fairway led the charge, jumping 65.5% to 293 loans
- Longbridge was just behind, increasing 53.1% to 1,447 […]
October 3, 2022
Look Out – HECM Lenders September 2022
Look out below! We’ve been talking about the end of the first real refi boom in HECMs for months now and the proof is finally here. HECM endorsements sank -43.5% in September, the lowest total in 2.5 years.
The expectation is that refinances have dropped dramatically in September, but any significant weakness beyond that could mean […]
September 14, 2022
Lower Together – HECM Originators July 2022
HECM endorsements dropped -17.1% in July, with both channels falling lower together. Retail/direct lenders lost -19.0% while the Wholesale/broker channel dropped -14.7%.
- Longbridge stood out as the only top 10 lender to increase volume, rising 30.3% to 945 loans – an all time company high for this report
- H2H refinance case numbers issued dropped to 1,023 in […]
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