ReverseIQ Newsletters

Archive for the ‘ReverseIQ’ Category

HECM Lenders – March 2017

HECM endorsements gained 21% to 5,364 loans in March, marking the second highest total seen in the last 3+ years. We’d guess that the majority of gains are from endorsement timing issues since the FHA application volume hasn’t seen these kinds of gains in recent months. That said, there are still some interesting nuggets to be found in this month’s report:

  • All but one region grew volume in March, led by the Pacific/Hawaii group (+250 units). The lone laggard was the New England region, down 1 loan from February.
  • Similarly, all but one of the top 10 lenders notched higher volume in March, with Nationwide Equities (+93%), Finance of America (+79%), and Liberty (+43%) leading the way.
  • AAG improved further on its industry leading volume, rising 9.7% to 1,167 loans, which marks their 9th largest volume month ever.

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.

HECM Lenders – December 2016

Happy New Year! Hope everybody had an opportunity to spend some time family and friends over the holidays.

The industry ended the year with a little bang on the endorsement front. Volume was up almost 20% from the prior month at 4,658 loans, the highest level for the year, bringing the 2016 total to 48,794. Unfortunately this still leaves the industry down 13.5% on a yearly basis.

Highlights from December:

  • 9 of the 10 regions experienced volume gains, highlighted by the the Rocky Mountain (+58%), Southwest (+36%) and Northwest/Alaska (+35%) regions.
  • The two largest regions – Pacific/Hawaii and Southeast – both had their largest volume months of the year in December, as did the Rocky Mountain region.

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.

HECM Originators – September 2016

HECM endorsements reversed course in September, dropping 14.6% from August levels.

  • Wholesale volume declined 21.6% to 1,519 loans, coming back down to levels seen in May – July.
  • Retail volume dropped at a slower pace, falling 9.1% month over month to 2,219 loans.

All of the lenders highlighted last month had volume declines in the double digit percentages, suggesting most of the August gains were due to endorsement backlogs getting cleared out.

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