3 Comments

1. 

   James E. Veale, CPA, MBT

   October 2, 2017 at 12:45 pm

   As to endorsements for the fifth straight fiscal year in a row we see ongoing downward sloping classic peak to valley secular stagnation. The total endorsements for last fiscal year was 55,322. Based on estimates by Mr. John Lunde, it seems the endorsements for this fiscal year will be a valley year fitting this pattern. It is my view that total endorsements for fiscal 2018 will be about 46,000, making it the worst year for endorsements since fiscal 2005 which had 43,131 endorsements.

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2. 

   The_Cynic

   October 2, 2017 at 1:01 pm

   While John Lunde and Dan Hultquist might be right to say that the more the originating companies, the better it is for endorsement growth but the endorsement year to date volume for the Non Top 100 Lenders fell almost 40% while that for the Top 100 Lenders went up by over 25%.

   So when will we see this better endorsement picture coming FROM the Non Top 100 Lenders? I do not believe there is much correlation or in this environment perhaps a reverse correlation between new originating companies and endorsements. Someone needs to prove how more originating companies is proof of anything other than more market confusion.

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3. 

   ReverseGuy

   October 4, 2017 at 4:38 pm

   Considering the annual endorsements is consistent each year even with Financial Assessment and now PLF reduction is a good sign. Under the Pre 2013 Rules there would be endorsements over 70,000. Nearly 30% of seniors cannot qualify for the same loan they could have gotten 4 years ago.

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