HECM endorsements dropped -3% to 2,190 loans in December, providing the resounding thud to a year those still in the industry will be happy to see the back of!
Four regions bucked the general malaise to end 2023:
- Southeast/Caribbean rose 6.5% to 526 loans
- New England grew for a second straight month, up 5.1% to 103 loans
- Great Plains was just behind, gaining 5% to 42 loans
- Midwest inched up 1.7% to 181 loans
The top lenders also had 4 gaining ground:
- Hightech jumped 28.6% to 36 loans
- Guild rose 25.9% to 73 loans
- Open was up 25% to 30 loans in what is likely a pipeline clearing move
- Mutual of Omaha increased 0.2% to 537 loans
Click the image below for the full report.
