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HECM endorsements bounced back 9% in April to 2,320 loans, after an expected drop in March from higher rates. We’re also starting to see more regular HECM data from HUD, so hopefully we’ll get a bit more updated read on case numbers issued in the near future (most recent published info is as of Jan […]

We’ve been expecting a decline in HECM endorsements for several months now after CMT rates spiked last Sep/Oct, and now we’re seeing that drop. HECM endorsements shrank -14.2% in March to 2,128 loans, only slightly above the lowest levels of the past 12 months last June and April.

The regions were almost universally negative, with just […]

It’s always worth remembering that February is the shortest work month of the year, even when we’ve been expecting some drop in HECM endorsement volumes. With that said, the -6.1% decline last month doesn’t look bad and the overall level of 2,481 loans is higher than each of the 2 previous February totals since the […]

HECM endorsements kept up the pace from last year’s finish, inching up 0.6% to 2,641 loans in January. It feels a bit like the industry is living on borrowed time from the brief decline in 10 year CMT rates last year, but it’s very hard to know what’s coming on an industry level without further […]

So long, 2024! It was a year of mixed signals for reverse mortgage volume as large forward lenders got more serious about the space and interest rates showed an encouraging trend, but ultimately ended in disappointing fashion with rates bouncing sharply higher since September.

HECM endorsements gained 9.1% to 2,626 loans in December, as loans continue […]

HECM endorsements jumped 11.3% to 2,390 loans in October, with Wholesale/broker ramping 18.6% while Retail/direct extended last month’s gains a further 6.7%.

HECM case numbers issued has a surprise boost to their highest level in over 2 years, leaping 17% to 4,331:

• Equity Takeout rose 18.1% to 3,399
• Purchase dropped -7.2% to 167
• Refis gained 18.6% to 765, also […]