HECM Endorsement Analytics – June 2021

4,160 HECM loans were endorsed in June 2021, 4.4% lower than May’s 4,350. Endorsement count has been over the 4,000 mark seven consecutive months, something not seen since 2017. Origination volumes of larger lenders have been mostly steady over the past several months. Smaller lenders are experiencing more volatility. Money House originated 82 loans, 83% higher than its 12-month average, while TMAC originated just 3 loans, 91% lower than its 12-month average. Our report can be found here:  NV Endorsement 2021_06.

HUD’s May Endorsement Snapshot Report is now available on their website. H2H refis are now almost 45% of all endorsements. South River Mortgage continues to be a strong wholesale originator; it originated 126 loans sponsored by another party. It is the second consecutive month South River Mortgage leads in this category.

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.

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