For the country as a whole HECM endorsements declined -1.9% in the year through May, but as always some areas of the nation are doing better than that and/or have picked up the pace since last month.
- California strengthened to an 8.8% growth pace, up from 7.4% last month
- Arizona also upped its growth rate to 5.7% from 3.6% last month
- New York popped up above the national pace at -1.8% decline, improving significantly from -4.2% last month
Check out the full HECM Trends report below by clicking the image below.