HECM endorsement volumes took a breather in July, down -5% from June. Even with the decline, volumes remained above year ago levels and it showed in the increased growth rates for several areas:
- 8 of the top 10 states showed higher growth rates year to date compared with last year, with Florida leading the way at 29.3%
- The top 7 cities in the country all improved their growth rates as well, highlighted by Houston at 28.5% but followed closely by Los Angeles at 26.6%
- Average MCAs are also increasing around the country, with FL placing 4 cities in the top 10: Naples, Delray Beach, Miami and Hollywood
Check out more detail in the full HECM Trends report below by clicking the image below.