Below you will find the top HECM lenders through October in 2008. Be sure to check out the sample report which breaks down the top lenders even more at the bottom.
- Total October endorsements of 10,121 were up 6.6% from September, and at their highest level in the past six months.
- The top 10 lenders share of total endorsements came in at 38.8%, slightly above the YTD average of 37.9%, but well below the January through October 2007 average of 41.2%.
- The disparity between growing and shrinking regions continues. The sharpest gains YTD are in the Southwest, up 27.8%, followed by Rocky Mountain up 24.0%, and the Southeast up 22.4%. On the flip side, Pacific/Hawaii (read California) is down 14.3%, New England is down 13.8% (all but Maine) and New York/New Jersey is down 3.2%.
- Nationally, new lender growth moderated a bit from the prior two months, but YTD the Mid Atlantic has the highest growth, up 114.1%, with the Southeast/Caribbean up 110.8%, and New York/New Jersey up 92.8%. The slowest lender growth YTD, at 53.8%, has been Pacific/Hawaii where, not coincidentally, volume growth is off by the greatest margin.
The report below includes new endorsements per lender and new lenders per month charts.
October 2008 MIC Report Sample
“Market statistics and report sample provided by Reverse Market Insight, the leading source of market intelligence in the reverse mortgage industry. For more information about RMI and to purchase the full MIC report with additional key performance indicators and market statistics, please visit our website at www.rminsight.net“
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