The industry endorsements increased 18.5% for the month of November, coming in at 4,436 vs the 3,745 reported last month. This marks the best month since June.
Geographically speaking, all regions were up relative to October, a feat not matched since… June.
- The top 3 regions remained the same, although the strongest gains came in the New York/New Jersey, Mid-Atlantic, and New England regions, which were up 54%, 41% and 28% respectively. Still, the top three regions all increased over 10%.
- Bringing up the rear in terms of growth rate are the Northwest (+4.8%), Rocky Mountain (+5.9%), and Midwest (+6.6%).
A little housekeeping note – HUD has informed us that some HECM data will not be available until further notice, so the HECM Originators and HECM Trends reports will likely be skipped for a month or two.
Please click the image below for the full report.