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Newsletter

HECM Originators – Aug 2024

HECM endorsements fell -3.2% to 2,199 loans in August, with Wholesale/broker giving back -6.6% and Retail/direct easing just -0.6%.

The top 10 lenders showed better, collectively rising 0.6% as 4 of the 10 managed gains on the month:

  • FAR rose 12.1% to 566 loans
  • Guild added 10.2% to finish with 65 loans
  • Mutual kept the race for #1 tight, gaining 5.8% to 550 loans
  • Longbridge inched up 1.7% to 423 loans, confirming positive months for all 3 top lenders

Check out the full rankings on pages 3 and 4 of the full report below by clicking on the image.

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HECM endorsements dropped -1.5% to 2,034 loans last month, although the lender count dropped considerably more (-10.3%). HECM applications dipped slightly under 3,000/month in June, the first time we’ve seen

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HECM endorsements grew 4.9% to 2,064 loans last month. HECM applications (as evidenced by case numbers issued) have been consistently above 3,000/month since February, so all indications point to steady

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