HECM Endorsement Analytics – January 2023

Total HECM endorsements dropped to 2,489 in January, down another 11% from last month’s 2,786 tally. Geographically the decline was again greatest in the Santa Ana Homeownership Center at -19.1%; the Philadelphia Homeownership Center was the only Center up, a modest 1.8%.  Our report can be found here:  NV Endorsement 2023_01.

HUD’s December Endorsement Snapshot Report was just released on its website. HECM refinance is down to just 14.5% of all endorsements, falling faster than the overall HECM endorsement count.

New View Advisors continues to offer its Who Buys What From Whom (WBWFW) report as part of our endorsement report subscription. The report compiles publicly available Ginnie Mae data to show which HMBS issuers buy HECMs from which lenders.

The WBWFW report includes:
—Top Originators – a ranking by original HECM UPB of all lenders over the last twelve months
—WBWFW – an alphabetical cross-reference between every lender and the HMBS issuer that securitizes its loans
—Top 100 Trends – a breakdown of loan sales by month, by Top-100 lender, by HMBS issuer.

Edited samples from the report are at the end of our endorsement writeup. These reports together provide accurate insight for sales and marketing teams to learn just who’s buying what from whom. The dataset is more complete and timely than what endorsement analysis alone can show.

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