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HECM endorsements dropped -13.4% in December, ending at 32,482 for calendar 2019.
All 10 of the regions we track were down reflecting a broad based, but mostly shallow volume decline.
Four of the top ten lenders were up on the month:
Click the image below for the full report.
March bounced back from the short February, rising 16.3% to 2,117 loans, although that remains below every month since August (if we average Oct/Nov due to the shutdown). That continues
February is a short month every year, which also typically means fewer HECMs endorsed. Last month was no exception, dropping -20.7% to 1,821 loans, but the size of that drop
The good HECM news is that endorsements grew 5% last month to 2,295 loans. The bad news? Both December and January were well below the figures from a year ago,
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