HECM endorsements bounced back 9% in April to 2,320 loans, after an expected drop in March from higher rates. We’re also starting to see more regular HECM data from HUD, so hopefully we’ll get a bit more updated read on case numbers issued in the near future (most recent published info is as of Jan at this time).
The regions were close to universally positive, with 9 of 10 posting increases:
- Great Plains jumped 66.7% to 45 loans, but remains the only region <100 loans/month
- NY/NJ rose 31.6% to 129 loans
- Southeast/Caribbean added 11.9% to 517 loans
The top 10 lenders also flipped to 9 of 10 rising this month:
- South River gained 27.3% to 84 loans
- Plaza increased 20.8% to 58 loans
- Liberty grew 18% to 118 loans
Click the image below for the full report.
