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Bouncing… – HECM Lenders March 2024

March saw a nice little bounce in HECM endorsement volumes, up 8.3% to 2,058 loans. Even more importantly (in terms of future volumes), we also ...

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 Lenders – July 2016

HECM endorsements dropped -6.3% in July, totaling just 3,534 and marking a new low for the year in two of the past three months. Four ...

HECM Trends – May 2016

HECM endorsement volumes for the year through May were down -9.4% from a year earlier, and even though June volume increased it was still well ...

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 Lenders – June 2016

HECM endorsements rose 3.4% in June to 3,771 loans, recovering a piece of the big drop in May. Although it was small, the increase was ...

HECM Trends – April 2016

HECM endorsements through April were down -8.2% from the first four months last year. That’s a bigger decline than we saw last year at this ...

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 ...

HECM Lenders – May 2016

HECM endorsements dropped dramatically in May to 3,646 loans – a full -14.1% decline from April. That’s the lowest monthly total since August 2014 as ...

HECM Trends – March 2016

HECM endorsement volume in March almost exactly matched the prior two years’ totals, falling 108 short of March 2015 and just 88 loans short of ...

HECM Originators – March 2016

March endorsement volume was mostly flat, with Retail growing by 9/10 of a percent, and Wholesale/Broker volume down 3.88% over February. Leading the way for ...

HECM Lenders – April 2016

HECM endorsements fell -6.4% to 4,243 loans in April, continuing the decline from a year ago which now totals -8.4% through the first four months. ...

HECM Trends – February 2016

HECM endorsements have been lower than 2014 and 2015 for each of the first two months (and March will continue that pattern), but the gap ...

HECM Originators – February 2016

HECM endorsements growth in February was led by Retail/Direct lenders rising 20.3%, while Wholesale/Brokers put in a 14.3% increase that would be impressive in most ...

HECM Lenders – March 2016

HECM endorsements dropped 1% in March to 4,535 loans. The fairly steady pace indicates that February’s big increase was more than a one month story ...

HECM Trends – January 2016

Each year our first HECM Trends report marks a reset in many ways and this year it’s both good and bad. On the downside, take ...

HECM Originators – January 2016

HECM endorsements took a disappointing dip in January to the lowest levels in over a year as the industry continued to absorb the impact of ...

HECM Lenders – February 2016

HECM endorsements rose 17.7% in February to 4,579 loans, putting a disappointing January result in the rear view mirror. Concerns about post-FA volume levels look ...

HECM Trends December 2015

This chapter brings 2015 to a close, allowing us to review the full calendar year. Last month it was said that “if December shows a ...

HECM Originators – December 2015

Now that we’ve seen January’s endorsement total we know that December didn’t signal the start of recovery quite yet for the HECM world, but we ...

HECM Lenders – January 2016

Looks like the coast might not be clear quite yet in the wake of Financial Assessment. HECM endorsements fell -8.1% to 3,890 loans in January ...

HECM Trends – November 2015

Refinances have been a hot topic in the reverse world lately, with NRMLA issuing updated guidelines and HMBS investors asking more questions about the higher ...

HECM Originators – November 2015

HECM endorsements fell -7.1% in November and the wholesale/retail split diverged substantially Wholesale dropped -18.3%, marking the third month in a row of faster declines ...

HECM Lenders – December 2015

HECM endorsements rose 5.2% in December to 4,233 loans after three consecutive months of decline. That’s encouraging although based on the data we’re seeing from ...