Up And Down – HECM Originators July 2014

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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