HECM endorsements dropped -6.3% in April overall, but Retail dropped significantly more at -7.6% compared to a Wholesale decline of -4.4%. As usual, several originators managed to buck the downtrend:
- On the Retail side, RMF and Liberty each managed to increase 37% in April to lead the top 10 lenders
- Over on the Broker/Wholesale side, Approval First Home Loans (+128.6%) and Bank of England (+114.3%) each more than doubled from their March production
Don’t forget to check out the rankings on page 3 (trailing twelve months with channel splits) and page 4 (single month retail only). If your company is not an FHA approved lender, these are the only industry rankings where you’ll appear!
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