September Top 100 HECM Lenders Report

by Shannon Hicks
| 2 Comments
| October 3, 2016

Download your September 2016 Top 100 Retail HECM Lenders Report Here.

This Report Does Not Include Broker or TPO Data

This report was compiled from data courtesy of Reverse Market Insight.

Editor in Chief: HECMWorld.com

As a prominent commentator and Editor in Chief at HECMWorld.com, Shannon Hicks has played a pivotal role in reshaping the conversation around reverse mortgages. His unique perspectives and deep understanding of the industry have not only educated countless readers but has also contributed to introducing practical strategies utilizing housing wealth with a reverse mortgage.

Shannon’s journey into the world of reverse mortgages began in 2002 as an originator and his prior work in the financial services industry. Shannon has been covering reverse mortgage news stories since 2008 when he launched the podcast HECMWorld Weekly. Later, in 2010 he began producing the weekly video series The Industry Leader Update and Friday’s Food for Thought.

Readers wishing to submit stories or interview requests can reach our team at: info@hecmworld.com.

2 Comments

The_Cynic
October 3, 2016 at 2:01 pm
Although not recognized by the report, September 30, 2016 is the fiscal year end of HUD. HUD reports cumulative endorsement totals by its fiscal year end unlike the linked report which adjusts cumulative endorsements to the calendar year.

HUD showed that fiscal year 2016 ended with cumulative endorsements of 48,902. We have to go all the way back to September 30, 2005 to find a cumulative endorsement of less than 50,000 for a fiscal year.

So we are now in the position of not being able to reach even 50,000 endorsements in a single fiscal year which is the worst fiscal year total in over a decade. The industry refuses to understand its plight which makes one wonder have we reached bottom? While everyone may say “YES, we have,” we also heard chants of 100,000 endorsements at the start of fiscal 2011 at the NRMLA conference as well. But have reached 100,000 endorsements in any fiscal year since fiscal 2009?

Is recovery in sight?
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FRANK PERRY
October 4, 2016 at 2:03 pm
Number 8 WOW!
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