HECM endorsments were down -1.7% in July, but broker/wholesale business rose 1.4% whereas retail/direct volume dropped -3.9%. A few notables:
- Urban, Generation, Cherry Creek and Sun West all increased volume in July, bucking the industry decline
- Several leading lenders grew retail volume in the month, including AAG, Urban, Net Equity, High Tech Lending, and M&T Bank
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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