HECM endorsements declined -1.9% in September, with the Wholesale/broker channel doing better with a drop of just -0.7% while Retail shrank -2.9%.
Four of the top ten lenders gained on the month:
- Open Mortgage leaped 35.2% to their highest level in over a year, endorsing 242 loans
- FAR bounced back, rising 21.3% to 667 loans
- Liberty increased 10.1% to 328 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.