Category Archives: HECM Originators

May’s HECM endorsements rose 0.2% in what we now know was a small calm before the further drop in June.

Fittingly, 5 of the top 10 lenders rose in the mostly unchanged month and as always, some made the most of the choppiness:

• Live Well jumped 39.7% to 176 loans, reclaiming much of the drop in […]
  

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:

• One Reverse followed up a modest gain in March with another steady performance, rising 3.8% to 271 loans
• Longbridge recovered some of last month’s drop, growing 1.7% to 119 loans
• Fairway grew 31.9% to […]
  

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 decline:

• Live Well jumped 36% to 185 loans, rebounding neatly from the February decline
• Nationwide Equities bounced back 37% to recover from an outsized Feb drop
• One Reverse managed a more modest gain at […]
  

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 lot of lenders, and High Tech was the only top 10 lender to increase in the month, rising 82.9% to 192 loans.

It gets more interesting as we look at our Originator […]

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 with surging industry volume, many lenders grew including all of the top 10:

• Liberty tripled, rising 211.1% to 840 loans
• Longbridge increased 88.8% to 355 loans
• Nationwide Equities grew 76% to 132 loans on […]
  

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 more loans (14%) than wholesale/broker after the gap shrank all the way down to a mere 12 loans in April.

Many of the largest lenders showed turned in a solid month:

• Longbridge […]
  

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 were strongly represented, with volume up 13.7% compared to October while Wholesale dropped -1.9%.

Many of the largest lenders showed an even larger bump in volume:

• Longbridge surged 93.5% to 149 loans […]