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Heading into the August vacation season, and our writing frenzy has apparently left early. Rather than hold up the report while waiting for inspiration to strike, we’ve attached the report below.
See you next week with Retail Leaders and our first look at July endorsements!
Click on the image below to view the full Industry Trends report for this month.
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
February is a short month every year, which also typically means fewer HECMs endorsed. Last month was no exception, dropping -20.7% to 1,821 loans, but the size of that drop
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