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HECM Originators

HECM Originators – August 2022

HECM endorsements rose 16.3% in August, with wholesale/brokers (25.3%) outperforming retail/direct (8.8%) substantially. Eight of the top ten lenders were up on the month – ...

Lower Together – HECM Originators July 2022

HECM endorsements dropped -17.1% in July, with both channels falling lower together. Retail/direct lenders lost -19.0% while the Wholesale/broker channel dropped -14.7%. Longbridge stood out ...

Turbulent Times – HECM Originators June 2022

HECM endorsements rose 2.7% in June, with both channels modestly higher. Retail/direct lenders gained 1.6% while the Wholesale/broker channel rose 4.1%. Five of the top ...

Onward – HECM Originators May 2022

HECM endorsements dropped a further -7.6% in May, with lender volume again falling more than brokers on the month. Retail/direct lenders dropped -8.2% while the ...

Tides Recede – HECM Originators April 2022

HECM endorsements eased down -3.7% in April after a recent high in March, with lenders pulling back more than brokers on the month. Retail/direct lenders ...

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, ...

Refis Driving – HECM Originators Feb 2022

We already know HECM endorsements dropped in February, but now we know that both business channels showed similar trends on the month. We can also ...

January Jumps – HECM Originators Jan 2022

HECM endorsements rose 10.5% in January, with Retail/direct playing some catchup at 13.3% and Wholesale/broker up 7%. Several top 10 lenders had a great start ...

Tally Up – HECM Originators December 2021

HECM endorsements grew 5.4% in December, led by Wholesale/broker rising 7.4% while Retail/direct managed 3.8%. The year as a whole was notable for the sustained ...

HECM Originators – November 2021

HECM endorsements dipped -1.6% in November, with Retail/direct falling -7.1% to swamp Wholesale/broker growth of 6.9% on the month. Top 10 lenders were split down ...

HECM Originators – October 2021

HECM endorsements jumped significantly higher in October, and now we know that Wholesale/Broker volume powered 23.2% compared to 12.3% growth for Retail/Direct. We talked plenty ...

HECM Originators – September 2021

September saw a return to normal for HECM endorsements, with loan count rising 17.6% after a disappointing August to full recover to the tight range ...

HECM Originators – August 2021

August was a bit of a lost month for HECM endorsements, as we saw volume drop -14.1%. Some combination of summer vacations, endorsement lag times, ...

HECM Originators – July 2021

HECM endorsements rose 2.8% in July to 4,276 loans. Wholesale declined for a fourth straight month, dropping -1.7% while Retail bounced back 5.9% from a ...

HECM Originators – June 2021

HECM endorsements dropped -4.2% in June to 4,158 loans. Wholesale declined -2.1% to outperform Retail (-5.6%) for the first time in 5 months. That subtle ...

HECM Originators – May 2021

HECM endorsements rose 3.8% in May, with Retail (+10.7%) outperforming Wholesale (-5%) for the 4th consecutive month. Only 3 of the top 10 lenders increased ...

HECM Originators – April 2021

HECM endorsements dropped -0.8% in April as Retail outpaced Wholesale yet again. Retail grew 2.5% to 2,357 loans while Wholesale declined -4.7% to 1,825 loans. ...

HECM Originators – March 2021

HECM endorsements rose 3.7% in March as Retail outpaced Wholesale, 4.1% to 3.3%. Several top 10 lenders recovered well from a poor February: HighTech continued ...

HECM Originators – Feb 2021

HECM endorsements dropped -10.3% in February, as Wholesale/broker volume fell -12.8% and Retail/direct was slightly better at -8.1%. Each channel and the industry overall are ...

HECM Originators – January 2021

HECM endorsements rose 10.7% in January, with Wholesale/brokers pacing 14.1% growth while Retail/direct managed 7.8%. Several lenders in the top ten marked impressive gains on ...

Year End, Redux – HECM Originators Dec 2020

HECM endorsements ended the year with a bang, but now we know that Wholesale/brokers led the way by rising 28% to Retail/direct channel’s 15.2% growth ...

HECM Originators – November 2020

HECM endorsements dropped -9.4% in November, with both Retail/direct and Wholesale/brokers declining more than -9%. In spite of the balance between business channels, 4 of ...

HECM Originators – October 2020

HECM endorsements dropped -4.6% in October, but in a reversal from September the Wholesale/broker channel declined much more than Retail/direct, dropping -9.1% compared to just ...

HECM Originators – September 2020

HECM endorsements declined -1.9% in September, with the Wholesale/broker channel doing better with a drop of just -0.7% while Retail shrank -2.9%. Four of the ...