HECM endorsements jumped 11.3% to 2,390 loans in October, with Wholesale/broker ramping 18.6% while Retail/direct extended last month’s gains a further 6.7%.
HECM case numbers issued has a surprise boost to their highest level in over 2 years, leaping 17% to 4,331:
- Equity Takeout rose 18.1% to 3,399
- Purchase dropped -7.2% to 167
- Refis gained 18.6% to 765, also the highest level since Sep 2022
The top 10 lenders were somewhat surprising for such a strong overall month, with only half reporting gains:
- Longbridge rocketed 51.6% to 482 loans
- Goodlife/TMAC added 50.5% to 137 loans
- Fairway picked up 31% to finish with 114 loans
Check out the full rankings on pages 3 and 4 of the full report below by clicking on the image.
