HECM Lenders

HECM endorsements dropped -5.8% to 1,967 loans in May. The silver lining is that HECM case numbers issued rose to 3,481 in March (the most ...

April saw HECM endorsements decline -1.4% to 2,088 loans. Following up on our recent theme of HECMs being just part of the overall reverse mortgage ...

March bounced back from the short February, rising 16.3% to 2,117 loans, although that remains below every month since August (if we average Oct/Nov due ...

February is a short month every year, which also typically means fewer HECMs endorsed. Last month was no exception, dropping -20.7% to 1,821 loans, but ...

The good HECM news is that endorsements grew 5% last month to 2,295 loans. The bad news? Both December and January were well below the ...

No HECMs were endorsed in October, so November’s figures are inflated relative to a normal month due to the delays resulting from the government shutdown. ...

HECM endorsements rose 7.2% in September to 2,211 loans, bouncing back from a weak August total. The regions were generally higher, with 6 of the ...

HECM endorsements rose 5.6% in July to 2,369 loans, the highest level since February. The regions reversed last month’s weakness, with 7 of the 10 ...

HECM endorsements declined -2.3% in June to 2,244 loans, extending a slow trend downward in recent months. The regions were mostly weaker, with just 3 ...

HECM endorsements declined -1% in May to 2,296 loans, showing remarkable steadiness in the face of recent expected rate increases that reduce cash available at ...

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 ...

We’ve been expecting a decline in HECM endorsements for several months now after CMT rates spiked last Sep/Oct, and now we’re seeing that drop. HECM ...

It’s always worth remembering that February is the shortest work month of the year, even when we’ve been expecting some drop in HECM endorsement volumes. ...

HECM endorsements kept up the pace from last year’s finish, inching up 0.6% to 2,641 loans in January. It feels a bit like the industry ...

So long, 2024! It was a year of mixed signals for reverse mortgage volume as large forward lenders got more serious about the space and ...

HECM endorsements inched up 0.7% to 2,408 loans in November, again illustrating the benefits of lower 10 year CMT rates a few months back. We’d ...

HECM endorsements jumped 11.1% to 2,392 loans in October, breaking out of what had been a very tight recent range of volume for the industry. ...

HECM endorsements dropped -2.1% to 2,153 loans in September, continuing a tight range of volume for the industry we’ve seen since June. There have only ...

August HECM endorsements dropped -3.3% to 2,200 loans, furthering the back and forth we’ve seen with these volumes throughout the summer. The good news is ...

July saw HECM volume recover 8% from the June drop, as 2,274 loans were endorsed. At this point the past 4 months look like a ...

June marked the midpoint of yet another year flying by way too fast with a bounce back to April levels for HECM endorsements. Overall volume ...

May blossomed beautifully for HECM endorsements, with the pace of growth so far this year increasing noticeably. Endorsement volume grew 16.9% to 2,460 loans. But ...

April continued the slow but steady rise in endorsements, with 2,105 loans representing a 2.3% increase from March. And yet again, we saw March case ...

If there’s one thing the low volume in case numbers issued the past few months tells us, it’s that endorsements will eventually follow suit. The ...