Our Latest Newsletters
Gain valuable insights into the high-level trends in the reverse mortgage industry and be better able to anticipate emerging opportunities.You can browse all our newsletters here in order of publish date or:
February 1, 2023
How Short? – HECM Lenders Jan 2023
January HECM endorsements dropped a further -10.7% to 2,489 loans. Rather than beat a dead horse, a picture felt more appropriate here:
It’s clear that the regions with the highest volume peak in 2022 were also generally the ones to decline the most. That’s the epitome of what we continue to see as the first real […]
January 18, 2023
HECM Originators – Nov 2022
HECM endorsements overall were down -6.6% in November, with Wholesale/brokers (-7.3%) and Retail/direct (-6%) both feeling the drop.
Just 3 of the top 10 lenders were positive on the month:
- Liberty bounced 22.1% higher to 321 loans
- Longbridge gained 2% to 450 loans as they continue to gain ground on FAR in second place
- Fairway also rose 2% to […]
January 3, 2023
Happy 2023?!? – HECM Lenders Dec 2022
A month ago we were lamenting the RMF bankruptcy news and with Ginnie Mae’s extinguishment of RMF as an HMBS issuer, it’s now clear that the industry got two lumps of coal for the holidays.
December HECM endorsements dropped -14.9% to 2,786 loans – the lowest total in 3 full years if we exclude the COVID-induced […]
December 14, 2022
HECM Originators – October 2022
HECM endorsements overall were relatively steady in October, rising 8.3%, after a big fall in September, but retail/direct was up 14.3% while wholesale/brokers rose a more meager 1.3%.
The top 10 lenders were mixed, with 6 rising and 4 declining.
- RMF actually led the way, growing 40.7% in a partial recovery from their September low, although their […]
December 1, 2022
Oh Dear – HECM Lenders Nov 2022
There’s been much bigger news this week with the bankruptcy of longtime industry lender RMF, but endorsements were only good by comparison to that heartbreak. HECM endorsements continued to settle in at the new normal, falling -6.6% in November, just barely avoiding a new multi-year low compared with just two months ago.
We now have 6 […]
November 16, 2022
HECM Originators – Sep 2022
HECM endorsements plummeted -43.5% in September, with both wholesale/brokers (-47.3%) and retail/direct (-39.8%) off dramatically from August.
The top 10 lenders fared worse collectively than the industry overall, dropping -45.5%.
- Only two of the top 10 declined less than 30% on the month
- Mutual of Omaha dropped -7.7% to 469 loans
- Open Mortgage fell -18.5% to 132 loans
Case numbers […]
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