One Step Forward – HECM Lenders May 2014

HECM endorsements for May rose 7.9% to 4,498 loans, but still down -12.9% from last year.

  • Eight of the ten regions we track rose, with exception of Pacific/Hawaii, which dropped back to second place behind Southeast/Caribbean
  • American Advisors Group continues to increase its lead over other lenders, at 1,382 loans vs. the next closest at 396
  • Speaking of Pacific/Hawaii, the metro areas we’ve been highlighting as big growers are slowing down considerably this month, with Los Angeles down to single digit growth rates over last year while Las Vegas and Phoenix are still up by off their previously blistering paces

Click the image below for the full report.