HECM Trends – January 2016

Each year our first HECM Trends report marks a reset in many ways and this year it’s both good and bad.

On the downside, take a look at the graph on page 1 for an indication of how bad January’s endorsement total of 3,889 was in historical context. The lonely purple dot on the far left shows a low we’ve only sunk beneath twice since the beginning of 2014 (Aug and Sep 2014). At least we already know February was a breath of fresh air!

On the upside, all the geographic comparisons get reset so we see a clean look at where the industry is starting off on the growth side!

  • Denver started the year with a bang, rising 85.7% to 26 loans from last January
  • Phoenix was close behind the pace, up 77.8% to 32 loans
  • Los Angeles county had minimal growth at 1.3% but totaled 236 loans compared to second place Maricopa (AZ-Phoenix)
  • California is out front even further, at 890 loans ahead of Florida’s second place showing of 296

Be sure to check out the full report by clicking the image below.

HECM Trends