RMI's HECM Lenders reported described the past few months of HECM endorsement data as a yo-yo when considering the rising and falling numbers over the past several months.
Analysts said another month of data is likely required to establish a firmer trend for how the industry is performing.
Four of the top 10 lenders recorded month-over-month declines in endorsements, but there were instances of notable year-to-date growth in HECM volume.
Guild Mortgage is up over 1,700% due to acquiring Cherry Creek Mortgage, while Movement Mortgage and CrossCountry Mortgage also showed significant year-to-date increases.
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