HECM Lenders – July 2020

HECM endorsements grew 1.1% in July to 4,256 loans, lending further credibility to the increased volume levels since initial pandemic slowdowns in endorsement processing for March-April were overcome.

Six of the ten regions around the country grew in the month:

  • New England paced the pack, rising 11.2% to 109 loans
  • Southeast/Caribbean jumped 9.3% to 751 loans
  • Great Plains gained 8.1% to 67 loans

Among lenders, 5 of the top 10 posted increased for the month:

  • Longbridge more than doubled, up 105.2% to 199 loans and their highest total in over a year
  • Open Mortgage surged 39% to 139 loans
  • RMF rose 9.1% to 406 loans

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