Winners Run – HECM Lenders May 2021

HECM endorsements grew 3.9% in May, finishing at 4,350 loans.

There’s a saying in the stock market that traders should let winning positions “run,” or continue to perform for you. This month we saw a parallel in the HECM market, as 6 of the 10 regions increased volume on the month and they were 6 of the top 7 by volume in the past year.

  • Mid-Atlantic jumped 24.5% to 239 loans
  • Northwest/Alaska gained 16.7% to 496 loans and a new twelve month high for the region
  • Southwest increased 15.5% to 394 loans, also a new twelve month high

Lenders were much more mixed, with only 3 of the top 10 posting gains last month:

  • AAG rocketed 32.4% to 1,650 loans and a new 12 month high, more than 4 times their closest competitor on this report
  • Hightech jumped 16.2% to 86 loans
  • Advisors Mortgage Group rose 10.5% to 63 loans

Click the image below for the full report.