HECM Endorsement Analytics – July 2021

HECM endorsement activity has been steady over the past 14 months. In July, 4,293 HECM loans were endorsed. AAG, RMF, and FAR, who originated 1,547, 582, and 333 loans respectively, continue to lead our top originators table and account for 53.5% of total endorsement volume. Our report can be found here: NV Endorsement 2021_07.

HUD’s June Endorsement Snapshot Report is now available on HUD’s website. Refis reached almost 49% of all endorsements, for the first time exceeding the number of traditional HECMs endorsed in a given month.

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 this month’s WBWFW 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.

Comments are closed.