HECM endorsements declined -2.3% in June to 2,244 loans, extending a slow trend downward in recent months.
The regions were mostly weaker, with just 3 of 10 posting increases:
- NW/Alaska added 25.1% to 209 loans
- Great Plains rose 12.5% to 45 loans
- Pacific/Hawaii inched up 0.9% to 590 loans
The top 10 lenders did a bit better as we typically see, with 4 rising on the month:
- Fairway gained 41.8% to 95 loans
- Mutual of Omaha jumped 29.8% to 544 loans, their highest monthly total since December
- Hightech rose 14.3% to 48 loans
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