Retail led the increase in HECM endorsements for December, up 14.7% to 2,867 units compared to 12.1% rise for the industry overall. Wholesale grew somewhat slower, up 8.7% in the month.
- One Reverse led the growth among lenders, rising 45.9% to 540 loans
- Reverse Mortgage Funding also had a strong month, bouncing up 34% overall (page 2) after a dip in November, and 72.3% on a retail basis (page 4)
- FirstBank made a strong push to close out the year, rising 50% to 9th place for the month and 13th on the year (page 4)
Don’t forget to check out the rankings on page 3 (trailing twelve months with channel splits) and page 4 (single month retail only). If your company is not an FHA approved lender, these are the only industry rankings where you’ll appear!
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