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!
Click the image below to access the full report.