HECM Trends June 2015

HECM endorsements saw a big jump in June thanks to borrowers acting ahead of Financial Assessment implementation: applying and receiving a case number prior to April deadline, even through loan funding and endorsement happens later.

And we certainly saw some varied performance among states and cities:

  • California continued to improve on last year’s pace, up 12.9% year to date compared to just 8.8% last month
  • Florida upped the pace yet again to 26.1% growth, highest in the top 10
  • Texas jumped all the way to +8.9% growth after showing a decline of -1.0% last month!

Check out more detail in the full HECM Trends report below by clicking the image below.

HECM Trends