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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.
HECM endorsements dropped -5.8% to 1,967 loans in May. The silver lining is that HECM case numbers issued rose to 3,481 in March (the most recent month available) – the
April saw HECM endorsements decline -1.4% to 2,088 loans. Following up on our recent theme of HECMs being just part of the overall reverse mortgage picture, the regional growth/decline picture
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
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