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November HECM endorsements totaled 4,654, up 1 loan from last month. The lack of change in industry overall volume is remarkable considering the second shoe dropped on Wells Fargo’s expected volume decline. Last month we were very worried about the Wells volume decline given that last […]
We’ve known for some time now that Wells Fargo’s endorsement numbers would drop dramatically as we headed toward the end of the year – now we have our first month’s view of the industry ex Wells.
HECM endorsements for October were down -16.8% to 4,653, the lowest total since the industry bottomed out in May 2010 […]
September HECM endorsement numbers were down -3.7% from last month to 5,590. The number of active lenders continues to decline but has started to bottom out in the low 200’s per month, so we’ve likely seen most of the impact from FHA’s lender approval changes already baked into these numbers.
While we continue to trend lower […]
Lender volume presented on this report includes third party originations (TPO) of any company not FHA approved under their approved sponsor lender. As of this month this report has been re-named from “Retail Leaders” to better identify it as the ranking of HECM Lenders closing loans under their own FHA approval (regardless of whether a […]
Lender volume presented on this report includes third party originations (TPO) of any company not FHA approved under their approved sponsor lender. As of next month this report will be re-named “HECM Lenders” to better identify it as the ranking of HECM Lenders closing loans under their own FHA approval. If you are looking for […]
Another month is in the books, and while volumes continue to be less than stellar, we’re getting a better picture of what the major lender exits portend for our future volumes. We can officially mark June as the month that BofA left the building from an endorsement perspective, given the decline from 896 retail endorsements […]
We had such a favorable response to the boxing title last newsletter that we’re sticking with it today. And judging by May’s endorsement total, we may exhaust our limited stock of punchy phrases before we pick ourselves up off the mat.
May HECM endorsements came in at 5,188, down -15.3% from April but up 13.9% from […]
It sometimes seems that the one thing every business has in common is that progress is never a straight line. The reverse industry has certainly had its share of detours and bumps, so it might come as no surprise that April’s endorsements were down -16.2% from last month to 6,124 loans.
That volume […]
March was more than just the end of the first quarter for the reverse mortgage industry, as it marked the first time since July 2009 that the industry grew from last year. March endorsements came in at 7,306, up 25.5% from last year and up 5.8% from last month.
It takes more than […]
We normally think of a ‘killer app’ as a perfect use that grows a new technology from curiosity to must have item. Just as email and search engines helped us all figure out what the internet could mean to our lives, so much that now we can’t imagine our lives without them and internet is […]
