Reverse Market Insight
- HECM Lenders – August 2018HECM endorsement volume grew 9.9% to 3,197 loans in August. That’s the third lowest total in the past 12 months but importantly, it’s also the second month of growth since the June total of 2,838. All 10 regions were up on the month, with Mid Atlantic leading at 28.2% Southeast/Caribbean and Pacific/Hawaii are the two… […]
- HECM Originators – June 2018If you’re looking for our usual HECM Originators report, click the image at bottom to skip straight to the report. Earlier this month we looked at how recent case number assignment trends compare to prior HECM product changes by FHA. In it, we concluded that even though case numbers issued is at a thoroughly depressing… […]
- HECM Lenders – July 2018HECM endorsement volume gained fractionally in July, up 0.4% to 2,908 loans. This is the biggest sign yet that HECM volume may have bottomed following the substantial program changes that took effect Oct 2, 2017. We usually profile different geographies and lenders in this space, but we have enough distance from the most recent principal… […]
- HECM Trends – May 2018HECM Trends is all about big picture changes and geographic highlights. While the big picture has been nothing short of brutal (3 consecutive months of volume below the last 2 years and a 4th on the way in next month’s update), there are always bright spots geographically. Jan-May is down -7.2% compared to last year,… […]
- HECM Originators – May 2018May’s HECM endorsements rose 0.2% in what we now know was a small calm before the further drop in June. Fittingly, 5 of the top 10 lenders rose in the mostly unchanged month and as always, some made the most of the choppiness: Live Well jumped 39.7% to 176 loans, reclaiming much of the drop… […]
- HECM Lenders – June 2018HECM endorsement volume dropped 15.5% in June to 2,838 units, the lowest endorsement level seen since May ’05. Being short staffed with the holiday and travel, we are keeping the commentary to that headline number this month. Happy Independence Day!
- HECM Originators – April 2018HECM endorsements dropped -22.1% in April, with Wholesale again dropping more (-25.6%) compared to Retail (-19.6%). Some lenders managed a good showing despite the decline: One Reverse followed up a modest gain in March with another steady performance, rising 3.8% to 271 loans Longbridge recovered some of last month’s drop, growing 1.7% to 119 loans… […]
- HECM Lenders – May 2018HECM endorsement volume gained fractionally in May, up 0.4% to 3,359 loans. This is the biggest sign yet that HECM volume may have bottomed following the substantial program changes that took effect Oct 2, 2017. The industry was mixed geographically in May, with 5 of the 10 regions showing gains: Southwest led the pack with… […]
- HECM Trends – March 2018HECM volume continued it’s straight line trend in the wrong direction in March, dropping below both of the most recent March volumes in the process. Q1 volume still came in 10.1% ahead of last year based on the January and February volumes, but tough sledding is ahead. We highlighted Seattle last month in this report,… […]
- HECM Originators – March 2018HECM endorsements dropped -17.3% in March, with Wholesale dropping a stunning -28.7% while Retail slimmed just -6.3%. Some lenders managed a good showing despite the decline: Live Well jumped 36% to 185 loans, rebounding neatly from the February decline Nationwide Equities bounced back 37% to recover from an outsized Feb drop One Reverse managed a… […]
