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HECM endorsements declined -2.3% to 2,243 loans in June, as May proved to be an one month blip. As we have seen so many times in the past, the Wholesale/broker channel accounted for virtually all the volatility – dropping -6.9% after jumping 11.4% in May, while Retail/direct chugged along at 1.6% growth in June following […]
It’s been quite the hiatus since we last published this report! We depend on HUD/FHA for this data so we can’t promise the normal schedule will resume, but we’ve been assured things should be more regular with this data going forward.
HECM endorsements rose 2.7% to 2,184 loans in April, with Wholesale/broker inching […]
HECM endorsements jumped 11.3% to 2,390 loans in October, with Wholesale/broker ramping 18.6% while Retail/direct extended last month’s gains a further 6.7%.
HECM case numbers issued has a surprise boost to their highest level in over 2 years, leaping 17% to 4,331:
HECM endorsements fell -2.4% to 2,147 loans in September, with Retail/direct growing 1.5% but Wholesale/broker more than offsetting that with a drop of -7.9%.
HECM case numbers issued were a bit rosier, rising 0.5% to 3,703, but under the surface the gains were entirely in the very rate dependent refinance segment. Given the strong bounce higher […]
HECM endorsements fell -3.2% to 2,199 loans in August, with Wholesale/broker giving back -6.6% and Retail/direct easing just -0.6%.
The top 10 lenders showed better, collectively rising 0.6% as 4 of the 10 managed gains on the month:
July HECM endorsements rose 8% to 2,271 loans, with Wholesale/broker pushing 26.9% higher while Retail/direct dropped -2.6%. The back and forth nature of recent monthly volumes can sometimes lead to this kind of disparity, but this is the widest gap between the channels we’ve seen in a year. Given the significant declines in expected rates […]
June HECM endorsements dropped -14.6% to 2,102 loans, with Retail/direct losing -8.8% while Wholesale/broker sank -23.1%. And while we know that July endorsements were a bit more positive, the gloomy note for June continues when we look at case numbers issued:
May was a positive month for HECM endorsements, with an increase of 17% to 2,460 loans. Wholesale/broker rebounded from 2 declining months even as the industry rose, rising 27%, while Retail/direct continued a slower, steadier path by increasing 11.1%.
When we look at the month over month endorsement on page 2 of our report, we had 5 […]
HECM endorsements continued their upward trend in April with 2,103 loans for a modest increase of 2.2% from March. Retail/direct continued their dominance in April with 7.5% endorsement growth while Wholesale/broker continued their decline dropping -5.7% from March.
When we look at the month over month endorsement on page 4 of our report, we had 6 of […]
HECM endorsements dropped -4.2% in March, with the channel performance completely flipping from last month. Retail/direct bounced back 9% while Wholesale/broker dropped -2.3%.
The largest originators again outpaced the industry overall, as our page 4 ranking report shows 11 of the top 15 retail originators for the month growing >9%.
On a combined basis for lenders including […]
