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!
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