September saw a return to normal for HECM endorsements, with loan count rising 17.6% after a disappointing August to full recover to the tight range seen before that. Wholesale/broker volume rose 16.6% to hit the highest level in more than a year (likely surpassed in October) while Retail gained 19.3% to leave it just shy of August totals.
Some lenders saw a similar pattern, with some of the biggest gainers mirroring the decliners in August, with a few notable exceptions:
- Liberty rose 123.1% to 357 loans – although still 2 loans shy of August
- Hightech jumped 73.6% to 125 loans, but on the back of a much smaller August decline this marks their highest month in over a year
- Longbridge gained 44% to 393 loans, their highest since April
See the full report below by clicking on the image.