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HECM Originators

HECM Originators – April 2018

HECM endorsements dropped -22.1% in April, with Wholesale again dropping more (-25.6%) compared to Retail (-19.6%). Some lenders managed a good showing despite the decline: ...

HECM Originators – March 2018

HECM endorsements dropped -17.3% in March, with Wholesale dropping a stunning -28.7% while Retail slimmed just -6.3%. Some lenders managed a good showing despite the ...

HECM Originators – February 2018

HECM endorsements dropped -17.6% in February, split relatively evenly across Retail (-16.9%) and Wholesale (-18.4%) channels. That level of decline was made up of a ...

HECM Originators – January 2018

HECM endorsements jumped 32.9% in January, with a huge 56.1% growth in Wholesale tempered somewhat by Retail’s still impressive 16% increase. As you might expect ...

HECM Originators – December 2017

HECM endorsements declined -0.7% in December, with weakness concentrated in Wholesale. Broker volume slipped -4.3% while Retail grew 2.1% to finish the year with 3,716 ...

HECM Originators – November 2017

HECM endorsements grew 6.3% in November, the first sign of additional case numbers issued under pre-Oct 2 rules showing up in endorsement volumes. Retail lenders ...

HECM Originators – September 2017

HECM endorsements slid -6.7% in September after bouncing back in August, with Retail performing significantly better (-4.6%) than Wholesale (-9.1%). The largest lenders showed a ...

HECM Originators – August 2017

HECM endorsements rose 15.8% in August after a sharp decline in July, with growth balanced well across Retail and Wholesale. Both gained by double digits ...

HECM Originators – July 2017

HECM endorsements dropped in July -12% in July, with Retail taking the heavier hit at -13.6% and Wholesale declining -10.4%. Finance of America Reverse was ...

HECM Originators – June 2017

HECM endorsements declined -0.3% in June, but Retail/direct grew 0.8% to 2,530 loans while Wholesale/broker dropped -1.6%. 5 of the top 10 lenders grew their ...

HECM Originators – May 2017

HECM endorsements declined -3.6% in May, continuing to slowly recede following the spike in March. After holding up better in April the Wholesale segment accounted ...

HECM Originators – April 2017

April brought the obligatory drop in endorsements after the big month in March, with volume falling 6% to 5,034 units. That is still good enough ...

HECM Originators – March 2017

March saw the biggest HECM volume month in quite some time, rising 21.2% from February. This month’s edition of HECM Originators gives us a little ...

HECM Originators – February 2017

HECM volume dropped -3.5% in February to continue the modest decline from the recent high water mark reached in December. What’s notable is how different ...

HECM Originators – January 2017

HECM volume started the year off a touch below the recent high water mark from December but still well above the 2016 monthly average. We ...

HECM Originators – December 2016

HECM endorsements ended on a high note to close out 2016, up 19.9% to the highest level all year. That growth might have been fueled ...

HECM Originators – November 2016

HECM endorsements dropped slightly in November to 3,884 loans, as we learned last month. We now know that Retail/direct lenders dropped a more substantial -4.3% ...

HECM Originators – October 2016

We already knew HECM endorsements rose slightly in October, but now we know that growth came entirely from brokers on the wholesale side. Wholesale volume ...

HECM Originators – September 2016

HECM endorsements reversed course in September, dropping 14.6% from August levels. Wholesale volume declined 21.6% to 1,519 loans, coming back down to levels seen in ...

HECM Originators – August 2016

HECM endorsements rose 24% in August, and now we know that jump was powered by a jump in both Retail and Wholesale channels. Wholesale volume ...

HECM Originators – July 2016

HECM endorsements dropped -6.2% in July, with Retail giving back all of the gains in June on a -7.2% decline while Wholesale posted a fifth ...

HECM Originators – June 2016

HECM endorsements rose 3.4% in June to break a 3 month string of declines, with Retail leading the way. Retail/Direct increased 7.7% while Wholesale/Broker volume ...

HECM Originators – May 2016

HECM endorsements fell -14.2% in May, comprised of a -17.5% drop in the larger Retail channel and -9.6% decline in Wholesale/Broker channel. One interesting point ...

HECM Originators – April 2016

HECM endorsements dropped -6.3% in April overall, but Retail dropped significantly more at -7.6% compared to a Wholesale decline of -4.4%. As usual, several originators ...