HECM Lenders – October 2022

Endorsement numbers for October improved a bit over the volume seen in September, growing a little over 8% month over month. 9 of the 10 HUD regions experienced some volume increase during the month, led by the New England and Northwest/Alaska regions (+37% and + 27%, respectively).

On a lender basis, six of our top 10 volume leaders had better numbers vs September, with AAG, HightechLending, and Reverse Mortgage Funding all up 30% month over month. Despite the growth, none of the top 10 were able to recover to the August numbers, though RMF and Mutual of Omaha were able to get within shouting distance, off 9% and 5% from August.

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