HECM endorsements rose 5.6% in July to 2,369 loans, the highest level since February.
The regions reversed last month’s weakness, with 7 of the 10 showing gains:
- Midwest added 19.8% to 194 loans
- New England also grew 19.8% to 109 loans
- Southeast/Caribbean gained 12.1% to 536 loans
The top 10 lenders were less buoyant, with 6 rising on the month:
- Guild jumped 43.3% to 86 loans
- Goodlife/TMAC bounced 33%, back to 117 loans to match their May total
- South River added 12.5% to finish with 63 loans
Click the image below for the full report.
