October Top 100 HECM Lenders Report

by Shannon Hicks
| One Comment
| November 1, 2016

Download your October 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.

1 Comment

The_Cynic
November 2, 2016 at 12:18 pm
Imagine starting off fiscal 2017 with lower endorsements by 9.5% for the first month of this fiscal year October 2016 than for the first month of last fiscal year, October 2015. The October 2016 endorsement total (actual 3,919) is about 10% lower than the total that was generally expected.

The 12 month trailing total endorsements for October 2016 is 0.85% lower than for fiscal year 2016. Fiscal year 2016 was the worst fiscal year for endorsement totals in over a decade; it was the only time in that period that total endorsements for a fiscal year were lower than 50,000 endorsements (actually 48,902).

Are we on a recovery track? Despite what industry pollyannas want us to believe, the answer is till a resounding NO.

Yet like others have reported, October 2016 marks the month that total endorsements since the HECM program was implemented in fiscal 1990 exceeded one million. So in the midst of some problematic news we see an industry milestone reached.
- Reply
- Link