July saw HECM volume recover 8% from the June drop, as 2,274 loans were endorsed. At this point the past 4 months look like a yoyo on this report, so we’ll have to wait for at least one more month to see which way things lean.
The regions were essentially inverse from last month as well, with 9 of the 10 regions growing volume last month (and the one exception holding steady):
- Midwest jumped 38.2% to 188 loans, that region’s highest month since October
- Rocky Mountain gained 22.2% to 209 loans
- Mid-Atlantic increased 21.5% to 147 loans
The top 10 lenders were more mixed as usual, with 7 rising on the month:
- Goodlife rocketed 930.8% to 134 loans
- Longbridge leaped 41.5% to 283 loans
- Fairway rose 22.8% to 97 loans
Click the image below for the full report.
