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HECM endorsements dropped -14.1% in March to 2,905 loans.
The top 10 outperformed again, dropping -11.1%. 4 of the top 10 lenders bucked the trend entirely and grew on the month:
See where your company stands on pages 3-4 of our rankings.
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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