HECM 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 more modest gain at 3.2% to continue one of the steadier performances in the industry
Look out for this report each month as the most accurate reflection of origination loan counts available!
Click the image below to access the full report.