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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 ...
- Filed Under: HECM Lenders
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 ...
- Filed Under: HECM Originators
Short Month – HECM Lenders Feb 2023
February is always a short month with fewer working days, but last month also marked another new low for HECM volume in the wake of ...
- Filed Under: HECM Lenders
HECM Originators – Dec 2022
HECM endorsements overall were down -14.8% in December, with Wholesale/brokers (-14.9%) and Retail/direct (-14.8%) in virtual lock-step for the second month in a row. Four ...
- Filed Under: HECM Originators
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 ...
- Filed Under: HECM Lenders
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 ...
- Filed Under: HECM Originators
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 ...
- Filed Under: HECM Lenders
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 ...
- Filed Under: HECM Originators
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. ...
- Filed Under: HECM Lenders
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 ...
- Filed Under: HECM Originators
HECM Lenders – October 2022
Endorsement numbers for October improved a bit over the volume seen in September, growing a little over 8% month over month. 9 of the 10 ...
- Filed Under: HECM Lenders
HECM Originators – August 2022
HECM endorsements rose 16.3% in August, with wholesale/brokers (25.3%) outperforming retail/direct (8.8%) substantially. Eight of the top ten lenders were up on the month – ...
- Filed Under: HECM Originators
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