HECM endorsements recovered dramatically in May after HUD and lender operations challenges related to the pandemic constrained volume in April.
Rather than comparing May to April, it makes more sense to compare Apr/May average to the Q1 average for each lender to see how their endorsement volumes are trending:
- FAR leads the way with 30.7% growth from Q1, cementing their #2 ranking behind AAG
- AAG shows an impressive 26.6% increase to an average 1,194 loans in Apr/May
- Fairway continues an impressive run, rising 18.6% to an average 174 loans
See the full report below by clicking on the image.