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HECM endorsements dropped again in May, down -3.6% to 4,854 loans. This was a smaller drop than April and paints a picture of gradual decline from the March high.
For context, it’s also above any other month from September 2015 through February 2017 so still a step above where the industry has been since financial assessment was implemented.
On that […]
HECM endorsements dropped -6.1% to 5,036 loans in April. Any drop is negative, but in this case the decline still puts the industry at the second highest level in the past 12 months – with only March having a higher showing.
It also adds a little credibility to March’s volume level, since any single month can be […]
HECM endorsements gained 21% to 5,364 loans in March, marking the second highest total seen in the last 3+ years. We’d guess that the majority of gains are from endorsement timing issues since the FHA application volume hasn’t seen these kinds of gains in recent months. That said, there are still some interesting nuggets to be found […]
HECM endorsements dropped -3.3% in February, continuing a slow decline from the recent high reached in December.
HECM endorsements dropped -1.7% in January, backing down slightly from the jump in December.
Happy New Year! Hope everybody had an opportunity to spend some time family and friends over the holidays.
The industry ended the year with a little bang on the endorsement front. Volume was up almost 20% from the prior month at 4,658 loans, the highest level for the year, bringing the 2016 total to 48,794. Unfortunately […]
HECM endorsements declined -0.7% in November, continuing to bump along below 4,000 loans per month as has been the case for much of the year.
HECM endorsements rose 4.8% in October, continuing the up and down gyrations as we head into year end. Active lenders grew 6.6% in the month, with a net increase of 12 companies endorsing at least one loan in the month.
As might be expected with such a minor volume increase, the story was mixed when you dive […]
HECM endorsements declined -14.7% in September, making the August jump look more like an outlier for now than a new growth trend.
Lenders showed a more varied picture, with 4 of the top 10 managing growth:
HECM endorsements rose 24.1% in August to 4,387 loans in a welcome reprieve from the prior three months below the 4,000 loans/month level.
Volume was up across the board in all 10 regions, with the biggest jump in Rocky Mountain at 54.8% to 356 loans and that region’s highest monthly total in over 12 months.
Our top […]
