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!
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