HECM endorsements dropped in July -12% in July, with Retail taking the heavier hit at -13.6% and Wholesale declining -10.4%.
- Finance of America Reverse was the only top 10 lender to increase volume in the month, rising 4% to 942 loans
- Fairway rose 20.3% to 77 loans and tie for #8 on the month in our page 4 originator rankings
- And Quontic Bank jumped 79.3% to 52 loans at #12
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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