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HECM endorsements rose 8.2% in July, with Retail jumping 12.9% and Wholesale nudging 1.8% higher.
7 of the top 10 lenders gained on the month:
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.
March bounced back from the short February, rising 16.3% to 2,117 loans, although that remains below every month since August (if we average Oct/Nov due to the shutdown). That continues
February is a short month every year, which also typically means fewer HECMs endorsed. Last month was no exception, dropping -20.7% to 1,821 loans, but the size of that drop
The good HECM news is that endorsements grew 5% last month to 2,295 loans. The bad news? Both December and January were well below the figures from a year ago,
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