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Category Archives: Uncategorized

HECM Lenders July 2015

HECM endorsements fell 5% to 5,029 loans in July, but still represent the second highest level of the past 12 months trailing only last month’s surge.

  • Mid-Atlantic led the way among regions with a 18.3% gain to 601 loans
  • New England also posted double digit growth at 13.2%, totaling 232 loans

Several lenders showed big swings as well:

  • Urban […]

HECM Trends May 2015

For the country as a whole HECM endorsements declined -1.9% in the year through May, but as always some areas of the nation are doing better than that and/or have picked up the pace since last month.

  • California strengthened to an 8.8% growth pace, up from 7.4% last month
  • Arizona also upped […]

HECM Originators May 2015

HECM endorsements dropped -4.9% in May, with wholesale/brokers bearing a slightly larger share of the decline at -5.4% compared to retail/direct at -4.6%. There were some large declines for some top ten lenders, but as always there were winners too:

  • Live Well grew volume 30% to 299 loans and their highest monthly total in over a […]

Surging Up – HECM Lenders June 2015

There are many ways to break a down trend, but few are better than the 23.9% growth in HECM endorsements seen in June. Overall volumes are still a bit low compared to just a few years ago at 5,296, but still good enough for the highest level since August 2013 – before initial utilization […]

Topsy Turvy – HECM Originators April 2015

April marked the fourth month in a row with a split in business channel growth for the reverse mortgage industry. For April, Retail declined -6.3% and Wholesale grew 1.7%. All in a month where endorsements declined -3.1%, with declining volume also being a trend in its fourth consecutive month.

But of course, a slow decline over […]

Four Again – HECM Lenders May 2015

HECM endorsement volumes declined for the fourth month in a row, declining -5% to 4,273 loans in May. That’s the lowest level since September, but the good news is that it’s still higher than each of the four months ending last September. Industry volume has dropped noticeably from the recent peak in January but we’re not in […]

Flip Flop – HECM Originators March 2015

In February, the wholesale channel increased HECM endorsements in a down month for the industry overall, and now in March’s HECM Originators reports we’ve seen the exact opposite with retail outpacing brokers dramatically. Adding the two months together it’s clear that retail got the best of the action – dropping just 102 loans from a much higher […]

Little Dipper – HECM Lenders April 2015

HECM endorsements declined -3.1% in April to 4,497 loans from March. The decline was fairly broad based and reflects some weakness in fundings during the first months of the year.

  • 7 of the 10 regions declined in the month, with an eighth going sideways – and that was the smallest volume region (Great Plains)
  • New England grew […]