HECM endorsements fell for a second consecutive month in October and once again, wholesale declined faster than retail, dropping -8.6% compared to -6.3%, respectively. As always, there were standouts even in a down month and this month it was lenders bouncing back from a tough September:
- Cherry Creek set a brisk pace, rising 34.8% to 62 loans
- Reverse Mortgage Funding rose 10.2% to 271 loans
- Live Well just missed out on a double digit recovery, rising 9.8% to 190 loans
Don’t forget to check out the rankings on page 3 (trailing twelve months with channel splits) and page 4 (single month retail only). If your company is not an FHA approved lender, these are the only industry rankings where you’ll appear!
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