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 a little less scary coming off the highest volume since September.
The volume growth was strong in 9 of the 10 regions we track across the nation and several lenders did well too:
- Northwest/Alaska rose the most at 46.8%, followed by Southwest at 35% and Rocky Mountain at 30.7%
- Liberty caught up after several months of depressed volume, rising 68.4% to 490 loans
- Denver (45%), Seattle (26.5%) and Reno (40.5%) are all doing well so far this year
If your company is FHA approved check out the rankings on page 5 of the report below. If your company is not FHA approved, watch out for our next edition of HECM Originators to find your ranking!
Click the image below for the full report.