HECM endorsements hit a high water mark in August, reaching 5,749 loans. That was higher than 2013 and 2014 for August, and overall was the highest volume level since March 2013.
- California made a big jump as the top state in the country, up 30.5% from last year to 7,917 loans – almost 1,000 per month on average
- Los Angeles jumped from 16.2% growth last month all the way to 35.9% year to date this month, with 452 endorsements just in August
- LA also further extended its lead as the top city, jumping to 412 loans YTD and 45.6% growth over last year
Several other areas also showed impressive results in the big volume month, so be sure to check out the full report by clicking the image below