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Sorry for the late update here! We’ve been under the weather this week…
Click the image below for the full report.
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,
No HECMs were endorsed in October, so November’s figures are inflated relative to a normal month due to the delays resulting from the government shutdown. With that said, we are
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