endorsement volume

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Endorsement Volume Falls, As Some Lenders Capitalize

Oct 05, 2011By

HECM Endorsement numbers fell in September by 3.7% as volume has bounced around the mid-5,000s five months.  As the number of active lenders seems to be tapering off, some of the biggest players seem to be getting at least a temporary lift from the big bank exits.   According to the latest HECM Lenders report from RM Insight (RMI), endorsement volume in September was 5,590, down from 5,807.  The number of lenders endorsing loans in the month hovered around 200 with only a slight decrease. Although Wells Fargo's endorsement volume as just begun to taper off, RMI suggests that

3d rendering of a row of luxury townhouses along a street

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