HECM endorsement volumes for the year through May were down -9.4% from a year earlier, and even though June volume increased it was still well behind June 2015 so look for this comparison to worsen next month.
That being said, we can always find bright spots in our HECM Trends report:
- Last month we talked about the impressive growth in Denver and this month it got even better, up 53.9% over Jan-May 2015
- San Diego also improved from last month, now at 16.8% growth YTD
- Los Angeles inched back into positive territory at 2.2% growth on the year
Be sure to check out the full report by clicking the image below.