HECM Trends August 2015

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

HECM Trends