HECM endorsements fell -4.5% in February, but brokers bucked the trend with an increase of 4.7% while the retail channel declined -11%.
Several lenders also rose in spite of the overall industry decline:
- Live Well Financial jumped 40.8% to their highest level in over a year
- One Reverse Mortgage grew 8.7% to 500 loans without any help from broker business
- Liberty Home Equity, Reverse Mortgage Funding, and Urban Financial each grew 7% in the month
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.
