HECM Endorsement Analytics – September 2021

4,326 HECM loans were endorsed in September, bouncing back after last month to the average pace seen for the past year and half. Our report can be found here: NV Endorsement 2021_09. Of the top lenders, AAG endorsed 1,445 loans, increasing endorsement volume 21+% from August, while PHH endorsed 303 HECMs, more than doubling last month’s 143. Total volume increased 17% versus August, another reminder that one month of data, especially endorsement count, is not telling of a market trend.

HUD’s August Endorsement Snapshot Report is now available on its website. Volume dropped across all product types, but HECM-to-HECM refis remained close to 50% of all endorsements.

New View Advisors continues to offer its Who Buys What From Whom (WBWFW) 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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