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Category Archives: HECM Originators

HECM Originators – Apr 2025

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 Originators – Oct 2024

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:

  • Equity Takeout rose 18.1% to 3,399
  • Purchase dropped -7.2% to 167
  • Refis gained 18.6% to 765, also […]

HECM Originators – Sep 2024

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 Originators – Aug 2024

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:

  • FAR rose 12.1% to 566 loans
  • Guild added 10.2% to finish with 65 loans
  • Mutual kept the race for #1 tight, […]

HECM Originators – July 2024

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 […]

HECM Originators – June 2024

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:

  • Overall case numbers issued declined -8.5% to 2,940
  • Equity Takeout shrunk -8.9% to 2,482
  • Purchase lost -2.9%
  • Refis […]

HECM Originators – May 2024

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 Originators – April 2024

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 Originators – Mar 2024

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 Originators – Feb 2024

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 […]