August HECM endorsements continued the trend of being comfortably ahead of 2016’s pace, now trending at 17.5% above last year.
- Refinances continue to be a significant share of volume at 15.5% of August endorsements, up from 10.7% a year ago
- Colorado might have the highest growth rate year to date (up 67.8%) but California dominates in many other ways including placing all of the top 10 zip codes by MCA growth (bottom right of page 2)
- Colorado came in second place on the top 10 cities list, placing Denver at #4 (up $30.1 million in MCA) and Aurora at #6 (up $25.3 million)
Find out where HECMs are growing in our full report by clicking the image below.
And if you’re interested in finding the little nuggets in your states, our Dashboard is the easiest tool to explore your market. Call Jon McCue at 682-651-5632 for your free trial.