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We already know that April HECM endorsements dropped off a cliff and recovered in May, which strongly suggested that April’s volume had a lot of other factors than a drop in HECM lending behind the decline.
We now have more detailed data to confirm just how noisy the month was, so rather than analyze it we’ll just publish our usual report for now and wait for detailed data on May to make a more substantive analysis.
No HECMs were endorsed in October, so November’s figures are inflated relative to a normal month due to the delays resulting from the government shutdown. With that said, we are
HECM endorsements rose 7.2% in September to 2,211 loans, bouncing back from a weak August total. The regions were generally higher, with 6 of the 10 showing gains: The top
HECM endorsements declined -2.3% to 2,243 loans in June, as May proved to be an one month blip. As we have seen so many times in the past, the Wholesale/broker
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