HECM endorsements dropped -13.4% in December, ending at 32,482 for calendar 2019.
All 10 of the regions we track were down reflecting a broad based, but mostly shallow volume decline.
Four of the top ten lenders were up on the month:
- RMF led the way, rising 61.2% to 303 loans in their best monthly total of the year
- HighTech Lending jumped 44.9% to 71 loans
- Open Mortgage gained 12.8% to 88 loans
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