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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 […]
HECM endorsements dropped -8.3% in February, but that masked a slight improvement in Wholesale/broker volumes (+3.9%) as Retail/direct sank -15.7%.
While the shortest month of the year rarely provides great insight for the rest of the year to come, our page 4 ranking report offers some clues as to how the downturn has affected different companies […]
HECM endorsements started the year slowly, but Retail/direct volume suffered disproportionately (dropping -3.7%) while Wholesale/brokers actually gained ground, rising 2% in the month. That’s mildly interesting given the lag time for endorsements, but case numbers issued in January rose to their highest level since October in a much more important signal that reverse is looking […]
Our last report for 2023 is here! We already knew 2023 endorsements dropped -48.1% from 2022 as higher interest rates drove refinances to near zero and reduced the appeal of even non-refinances to new customers.
The additional context we’re adding today is that Retail/direct held up better at -43.4% for the year while Wholesale/broker dropped a […]
After a 3 month hiatus with data delays and a truncated report, HECM Originators is back just in time for the holiday season! Of course, the numbers on the report are something less than cheery, but that’s the kind of year it’s been in the world of reverse mortgage originations.
As previously reported, overall volume grew […]
June HECM endorsements bounced back from May’s rainy day, but just half of the top 8 lenders grew their own volume on the month.
