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June 1, 2023
Inching Up – HECM Lenders May 2023
May HECM endorsements inched up 4.6% to 2,053 loans as the case number increases we’ve seen year to date look to be working their way through the pipeline.
Eight of the ten regions were higher for the month, although all the biggest gains were among 3 of the 4 smallest volume regions:
May 11, 2023
HECM Originators – March 2023
HECM endorsements were up a whopping 73.3% in March, as AAG pushed through a bunch of endorsements ahead of being acquired by FAR.
Beyond AAG, 5 other top 10 lenders were up on the month:
May 1, 2023
New Leadership – HECM Lenders Apr 2023
April HECM endorsements fell -48.2% to 1,963 loans, as the noise from multiple corporate transactions in March dropped back out of these results. Judging by the drop under 2,000 loans on the endorsement side, the February increase in case numbers issued is still working its way through the system – and we don’t have March […]
April 13, 2023
Short but Sweet – HECM Originators Feb 2023
HECM endorsements were down -12.2% in February’s short month, with both channels dropping almost identical amounts. It’s the fourth straight month of clean sweep declines, although we already know March broke that streak.
Half of the top ten lenders were up in February despite the overall decline:
April 3, 2023
Merger Month – HECM Lenders Mar 2023
If we posted this on Saturday we’d have more than one reader suggesting it was a cruel April Fools joke, but the 3rd is the first business day of the month so maybe it’s more credible?
March usually looks good relative to February by virtue of more working days, but HECM endorsements leaped 73.4% to 3,789 […]
March 14, 2023
HECM Originators – Jan 2023
HECM endorsements were down -10.8% in January, as Retail/direct dropped -9.4% and Wholesale/broker declined -12.8%. It’s the third straight month of clean sweep declines, with both channels losing altitude together.
Three of the top ten lenders grew their business to start the year: