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HECM Lenders

HECM Lenders – July 2019

HECM endorsements rose 8.2% in July to 2,754 loans. Lower interest rates on the 10 year swap rate in particular help HECM volume, plus an ...

HECM Lenders – June 2019

HECM endorsements dropped -5.6% in June, lending further support to the idea that 2,500 endorsements per month is the default volume setting for the industry ...

HECM Lenders – May 2019

HECM endorsements dropped -7% in May, reinforcing the lumpiness and uncertainty around HECM volumes after an encouraging April tally. Most of the larger regions declined ...

HECM Lenders – April 2019

HECM endorsements grew 12.7% to 2,901 loans in April after several months of noisy data due to the government shutdown and a seasonal slowdown at ...

HECM Lenders – March 2019

HECM endorsements dropped -35.7% to 2,573 loans. That is certainly a lot, but is actually very close to the average for Dec-Feb we discussed last ...

HECM Lenders – February 2019

HECM endorsements rocketed 142.7% higher to 4,002 loans, but it’s hard to feel too excited about it given part of that might be catch-up from ...

HECM Lenders – January 2019

HECM endorsements dropped -5.8% to 1,649 loans, but it’s hard to honestly know what to make of that given the noise introduced by the government ...

HECM Lenders – December 2018

HECM endorsements dropped -31.4% to 1,751 loans in December, establishing a second consecutive low point after the FHA product changes took effect in October 2017. ...

HECM Lenders – November 2018

New lows, here we are. HECM endorsements dropped -17.4% to 2,553 loans in November, setting a new low after the October 2017 product changes. Just ...

HECM Lenders – October 2018

HECM endorsement volume crept back above 3,000 loans in October, rising 7.3% to 3,091. 8 of 10 regions were up, with New England leading the ...

HECM Lenders – September 2018

HECM endorsement volume fell -9.9% to 2,880 loans in September, re-visiting the lows from June but not making new ones (yet?). 9 of 10 regions ...

HECM Lenders – August 2018

HECM endorsement volume grew 9.9% to 3,197 loans in August. That’s the third lowest total in the past 12 months but importantly, it’s also the ...

HECM Lenders – July 2018

HECM endorsement volume gained fractionally in July, up 0.4% to 2,908 loans. This is the biggest sign yet that HECM volume may have bottomed following ...

HECM Lenders – June 2018

HECM endorsement volume dropped 15.5% in June to 2,838 units, the lowest endorsement level seen since May ’05. Being short staffed with the holiday and ...

HECM Lenders – May 2018

HECM endorsement volume gained fractionally in May, up 0.4% to 3,359 loans. This is the biggest sign yet that HECM volume may have bottomed following ...

HECM Lenders – April 2018

In case you haven’t been paying attention these last few months, HECM volume is seriously hurting after the Oct 2, 2017 changes from FHA. Volume ...

HECM Lenders – March 2018

And now it’s clear that we’re in a post 10/2 world for HECM endorsements. Volume declined -17.3% to 4,300 loans in March, the lowest level ...

HECM Lenders – February 2018

It looks like the endorsement spike in January has already calmed down considerably, with HECM endorsements down -17.6% to 5,201 loans in February. That’s still ...

HECM Lenders – January 2018

  The 10/2/2017 FHA HECM product changes brought a surge of case numbers in September and now have brought a brilliant spike of endorsements to ...

HECM Lenders – December 2017

Happy New Year! HECM endorsements finished off 2017 a little lower than November but still relatively high due to borrowers and lenders rushing to beat ...

HECM Lenders – November 2017

HECM endorsements rose 6.3% to 4,782 loans in November as we begin to see the effects of a surge in case numbers issued under the ...

HECM Lenders – October 2017

HECM endorsements were relatively flat in October, declining 2.1% from the prior month to 4,497 loans. Lender counts were also relatively unchanged, up 1.5% for ...

HECM Lenders – September 2017

HECM endorsements dropped -6.8% in September, finishing at 4,592 loans. With the rule changes going into effect today not expected to significantly affect endorsement volumes ...

HECM Lenders – August 2017

We’re pretty sure everyone reading this already knows about the changes HUD announced Tuesday, but if not you should definitely check them out. So once ...