HECM endorsements for February declined -4% to 4,747 loans from last month and dropped a bit more, -8.1% from a year ago.
- 7 out of 10 regions were down on the month, including the two largest, Pacific/Hawaii and Southeast/Caribbean
- The smallest region, Great Plains, gained 19.8% to lead all regions in growth and put in its highest volume since October
- Among the top 10 lenders, Maverick Funding jumped 71.6% to match their highest total since June 2013
If your company is FHA approved check out the rankings on page 5 of the report below. If your company is not FHA approved, watch out for our next edition of HECM Originators to find your ranking!
Click the image below for the full report.