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June Top 100 HECM Lenders Report
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With just 31,274 HECM endorsements, fiscal 2019 was the worst year for HECM endorsements in the last 19 years. Yet for the first nine months total HECM endorsements in fiscal 2019 were just 23,759 as June 2019 while through June 2023 that same total is just 24,595. Fiscal 2023 is quickly proving out to be the second worst fiscal year in two decades for HECM endorsements. This time last fiscal year that total was 50,596 or 26,000 (more than double) more than for this fiscal year.
Please do not get the wrong idea. There is really not much to say that is particularly good about the endorsement volume in this fiscal year not even H4P that everyone is claiming is doing so well. If it is doing well, please explain how.