Bounce Back – HECM Lenders September 2021

HECM endorsements bounced back 17.6% to 4,326 loans, with vacation season over and even the latest government shutdown averted (for now).

The regions were almost uniformly higher, with a decline in NY/NJ preventing a clean sweep:

  • Midwest leaped 50.3% to 242 loans
  • Southeast/Caribbean grew 24% to 646 loans
  • Mid-Atlantic added 20.5% to finish at 200 loans

Lenders were almost as good, with 8 of the top 10 posting higher totals in September:

  • Liberty doubled up after halving in August, rising 110.4% to 303 loans (1 above July)
  • HighTech jumped 71.2% to 125 loans (highest since June 2020)
  • Longbridge gained 68.8% to 265 loans

Click the image below for the full report.