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We’ll keep it short and sweet today with just a few highlights from the May HECM Originators report:
Be sure to check out the rankings to see where your company (or your closest competitor) finished for the past 12 months […]
HECM endorsements rose 5% in April, with the increase roughly similar across both retail/direct and TPO/wholesale channels. These aggregate numbers don’t show a significant spread between the channels, but as always there is a lot of movement among individual companies in the rankings.
On page 4 of the report below, we find 4 of the top […]
March was the lowest month in recent memory for HECM endorsements, down -19.3% to 4,374 loans. We have to go all the way back to September of 2005 to find a month with lower volume.
Broker/TPO channel business declined dramatically, dropping -26.6% compared to -12.8% for retail/direct. This relative performance gap has swung both ways in […]
February HECM endorsements grew 5% while case numbers issued shrank, but what we discover in this month’s HECM Originators report is that third party originators (TPOs) brokering to wholesale lenders were responsible for all the growth (+15.1%) while direct lenders with retail operations shrank in the month (-2.7%).
This is the second month in a row […]
“Why doesn’t FHA list my company in their volume rankings anymore?”
More and more people have been asking where they can find rankings of broker/TPO companies now that FHA no longer includes these originators in the F17 report the first of each month. The answer is in our HECM Originators report, which shows both year […]
December’s HECM Originators report brings us final 2011 rankings for both retail/broker/TPO originators and wholesalers, as well as the best view yet of how monthly rankings will fare in the brave new world post Wells and BofA (combined volume in single digits for December).
Overall endorsements were down -1.8% from November, with the entire decline coming […]
We’ve known for months that Wells Fargo’s exit would have a major impact on HECM endorsement totals, with the expectation that all else being equal Wells’ huge retail market share would impact that side of the industry more directly.
October gave us reason to doubt that expectation, with the first half of Wells volume decline coinciding […]
Now that we know November’s endorsement totals weren’t as scary as they could have been, it puts October’s reports in a different light. We reported in last month’s HECM Lenders that October endorsements were down -16.8%, owing primarily to Wells Fargo’s first big monthly decline.
Now that we have […]
October HECM endorsement totals were spooky as Wells Fargo’s volume slid down the exit ramp, but what more can we learn about September now that we have detailed figures available? HECM Originators shows us the balance between retail/direct and TPO/wholesale channels, and gives us our first picture of individual TPO companies for the month since […]
Last month’s HECM Lenders report showed us that industry volume was up 5.3% in August, despite an expectation of lower totals for the rest of the year. Now that we can see more detailed August data in our HECM Originators report (linked below), we discover that broker/wholesale volumes […]
