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HECM endorsements dropped -14.6% from August to September and now show a -17.1% drop year to date. As always, some areas around the country did much better than that, even breaking into growth territory.
Find out where HECMs are still in growth mode in our full report by clicking the image below.
HECM endorsements dropped -5.8% to 1,967 loans in May. The silver lining is that HECM case numbers issued rose to 3,481 in March (the most recent month available) – the
April saw HECM endorsements decline -1.4% to 2,088 loans. Following up on our recent theme of HECMs being just part of the overall reverse mortgage picture, the regional growth/decline picture
March bounced back from the short February, rising 16.3% to 2,117 loans, although that remains below every month since August (if we average Oct/Nov due to the shutdown). That continues
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