1 Comment

1. 

   James E. Veale, CPA, MBT

   May 1, 2012 at 2:06 pm

   It is odd that the current month of HECMs times 12 almost equals the revised number of HECMs expected for the fiscal year at 54,400. This fiscal year is turning out to be more disappointing than first believed. If this calendar year follows the pattern of the last three years, endorsements for the calendar year could total little more than 50,000 endorsements.

   How anyone in this industry expects twice the volume for the next calendar year is “creepy, freaky, awesome”(?). I just hope not to see another 20% drop to 40,000 or below next calendar year.

   Things will get clearer once we reach late January 2013.

   • Reply
   • Link