HECM endorsements declined -0.7% in December, with weakness concentrated in Wholesale. Broker volume slipped -4.3% while Retail grew 2.1% to finish the year with 3,716 more loans (14%) than wholesale/broker after the gap shrank all the way down to a mere 12 loans in April.
Many of the largest lenders showed turned in a solid month:
- Longbridge jumped for a second straight month, rising 26.2% to 188 loans and ninth place in our rankings
- RMF rose 14.5% to 672 loans, their highest month in the year
- AAG nudged up 0.2% to 1,217 loans
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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