HECM endorsements dropped -15% in August, with Retail declining -16.7% and Wholesale only slightly better at -12.4%.
Most of the top 10 fared better than the industry, with 5 of the 9 (excluding Live Well) increasing on the month:
- High Tech put in its best showing since February, rising 171% to 76 loans after a dismal July
- Longbridge jumped 27% to 160 loans, their highest level since February 2018
- RMF gained 8.2%, finishing at 317 loans
Special shout out to Advisors Mortgage Group that jumped all the way to #9 for the month with 30 loans!
Click the image below to access the full HECM Originators report including the most comprehensive originator rankings available on page 4.