Slow Erosion – HECM Originators March 2022
HECM endorsements set a recent record in March by rising 26.4% to 6,495 loans, but we’re digging a bit deeper today:
- Wholesale/broker led the way, rising 28% to 2,765 loans
- Retail/direct growth trailed slightly, increasing 25.2% to 3,730
- Refis slipped another point to 48.3% of all loans in March, a second consecutive month of slight drops – and […]