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Nine Years Back – HECM Originators August 2014
August was an ugly month for HECM endorsements, dropping -20.6% to the lowest level since June 2005. Wholesale/broker volumes dropped -26.3%, significantly more than the ...
- Filed Under: HECM Originators, Uncategorized
Baby Bounce – HECM Lenders September 2014
HECM endorsements bounced back from a dismal showing in August, rising 15.5% to 3,762 loans. That’s still below last year’s pace of 4,527 loans, but ...
- Filed Under: HECM Lenders, Uncategorized
Shadowing 2012 – HECM Trends July 2014
The top graph on page 1 of HECM Trends shows the past three years of HECM endorsement volume – right now it’s eerie how closely ...
- Filed Under: HECM Trends, Uncategorized
Up And Down – HECM Originators July 2014
HECM endorsments were down -1.7% in July, but broker/wholesale business rose 1.4% whereas retail/direct volume dropped -3.9%. A few notables: Urban, Generation, Cherry Creek and ...
- Filed Under: HECM Originators, Uncategorized
August Doldrums – HECM Lenders August 2014
HECM endorsements for August underlined the dog days of summer, declining -20.4% to 3,256 loans. Applications and funding have turned the corner back up toward ...
- Filed Under: HECM Lenders, Uncategorized
All Arizona – HECM Trends June 2014
Our last update for June endorsements before August totals come out next week, we’re looking again at HECM Trends. Arizona leads the top 10 states ...
- Filed Under: HECM Trends, Uncategorized
Channels Aligned – HECM Originators June 2014
We knew HECM endorsements for June were down -7.4%, and can now say that decline was felt in both retail, down -9%, and broker/wholesale, down ...
- Filed Under: HECM Originators, Uncategorized
Uptick – HECM Lenders July 2014
HECM endorsements rose 4.2% to 4,092 loans in July, up from the 18 month low reached in June. Seven of the ten regions we track ...
- Filed Under: HECM Lenders, Uncategorized
Long View – HECM Trends May 2014
May’s HECM endorsement volume was down -15.6% from 2013 but up 1.5% from 2012. It’s tempting to say that 2014 will come in near 2012 ...
- Filed Under: HECM Trends, Uncategorized
HECM Originators May 2014
HECM endorsements rose 7.8% in May, but the big winners were retail lenders with volume up 12.2% compared to just a 2% rise for broker/wholesale ...
- Filed Under: HECM Originators, Uncategorized
Two Steps Back – HECM Lenders June 2014
We’d like to blame our business trip to the East Coast for our delay in getting this newsletter sent out, but in reality we’re still ...
- Filed Under: HECM Lenders, Uncategorized
Sand States – HECM Trends April 2014
We had a discussion with a forward mortgage vendor this week who asked where the top reverse mortgage markets could be found. After discussing the ...
- Filed Under: HECM Trends, Uncategorized
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