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HECM reverse mortgage volume trends update August 2021. Top 100 originators including non FHA approved companies.

HECM endorsements bounced back 17.6% to 4,326 loans, with vacation season over and even the latest government shutdown averted (for now).

The regions were almost uniformly higher, with a decline in NY/NJ preventing a clean sweep:

• Midwest leaped 50.3% to 242 loans
• Southeast/Caribbean grew 24% to 646 loans
• Mid-Atlantic added 20.5% to finish at 200 loans

Lenders were almost as […]

HECM endorsements rose 2.8% in July to 4,276 loans. Wholesale declined for a fourth straight month, dropping -1.7% while Retail bounced back 5.9% from a poor June showing.

Lenders fared better in the rising tide, with 6 of the top 10 lenders increasing volume.

• RMF jumped 55.8% to 642 loans, good for second highest for the month
• South […]
  

HECM endorsements dropped -14.3% to 3,679 loans, as it felt like everyone caught up on 2 years of vacation this summer. The drop is a bit concerning given the industry had been above 4,000 loans for 8 consecutive months, but it remains to be seen if this will be a momentary endorsement blip.

The regions were […]

HECM endorsements dropped -4.2% in June to 4,158 loans. Wholesale declined -2.1% to outperform Retail (-5.6%) for the first time in 5 months.

That subtle shift in channels showed up powerfully in lender performance, although once again just 3 of the top 10 lenders gained on the month.

• Mutual of Omaha surged 43.5% to 333 loans – […]
  

HECM endorsements rose 3.2% in July to 4,293 loans, in a slightly delayed release due to system updates at HUD.

While we again saw only 3 of the 10 regions increase volume, all 3 were in the top 5 volume regions and that made all the difference:

• Pacific/Hawaii jumped 11.2% to 1,643 loans – almost 1,000 loans […]