HECM endorsements rose 2.8% in July to 4,276 loans. Wholesale declined for a fourth straight month, dropping -1.7% while Retail bounced back 5.9% from a poor June showing.
Lenders fared better in the rising tide, with 6 of the top 10 lenders increasing volume.
- RMF jumped 55.8% to 642 loans, good for second highest for the month
- South River gained 27.6% to 157 loans and their highest total yet on the strength of refinance volume
- Open Mortgage rose 25.6% to 206 loans
Check out the originator rankings on page 4 to see more companies outside the top 10 doubling or tripling their reverse volume this year!
See the full report below by clicking on the image.