ReverseIQ Newsletters

HECM Originators – April 2017

June 21, 2017

April brought the obligatory drop in endorsements after the big month in March, with volume falling 6% to 5,034 units. That is still good enough for the 2nd highest volume month in the last 12 months, and 4th highest in the past 2 years.

  • Wholesale/broker volume fell 3.6% to 2,511 loans
  • Retail/direct volume fell further, down 8.2% to 2,523

As would be expected in a down month, most of the top 10 institutions had lower volume, with a couple of exceptions:

  • RMS/S1L volume spiked more than 300% to 276 units(page 2)
  • Reverse Mortgage Funding increased from 546 to 574 units
  • One Reverse inched up to 261 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.

HECM Originators

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HECM Lenders – May 2017

June 1, 2017

HECM endorsements dropped again in May, down -3.6% to 4,854 loans. This was a smaller drop than April and paints a picture of gradual decline from the March high.

For context, it’s also above any other month from September 2015 through February 2017 so still a step above where the industry has been since financial assessment was implemented.

On that note, on to the details:

  • We again saw just 2 of the 10 regions increase in volume, with Southwest rising 7.8% and Rocky Mountain up 0.5%
  • Live Well jumped 29.3% to 172 loans and their best showing since September
  • Nationwide Equities grew 19.8% to 115 loans
  • Synergy One climbed 7.4% to 246 loans

If your company is FHA approved check out the rankings on page 5 of the report below. If your company is not FHA approved, watch out for our next edition of HECM Originators to find your ranking!

Click the image below for the full report.

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HECM Trends – March 2017

May 25, 2017

The graph on the first page of HECM Trends makes clear that March was a welcome sign of growth for the reverse industry. 2017 volume is 10.5% higher than Q1 last year and even exceeds Q1 2015. Next month’s edition of this report will show continued encouragement from April’s volume, and we’ll get our first read on May’s volume in the interim to know just how sustained the growth might be.

In a rising market there are many boats lifted and a few areas stood out that we haven’t mentioned recently:

  • Oregon is up 25.2% from Q1 2016, rising to the 10th overall ranking among states
  • Aurora, CO grew 56.5% to 72 loans – good enough for 8th place among cities and the fastest growth in the top 10
  • King County in Washington jumped 49.5% over last year

Find out where else HECMs are growing in our full report by clicking the image below.

HECM Trends

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