The_Cynic November 1, 2018 at 11:09 am

Comparing October 2018 endorsements to those of October 2017, this year we experienced a 31.3% drop. Not only that but this is the worst endorsement count for any October since October 2004. It is also the fourth worst month for endorsements since the 10/2/2017 changes now 13 months ago. Since June 6 2018, when RMD and RMI informed us that April 2018 was the nadir for monthly endorsements following the 10/2/2017 changes, only May 2018 endorsements have exceeded the endorsements for April 2018 in the last seven months of endorsements.

It is expected that in the next two months, at least one of those months will have worse endorsement totals than during October 2018. With interest rates expected to climb in the remainder of fiscal 2019, it is not clear how monthly endorsement totals will fare much better than they did last fiscal year. Some of us expect lower endorsement totals for fiscal 2019 than fiscal 2018.

NRMLA Recap: Commissioner speaks to industry- More Changes Coming | HECMWorld.com November 5, 2018 at 1:00 am

[…] The_Cynic on October 2018 Top 100 HECM Lenders Report […]


Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

HECMWorld.com uses cookies to improve user-experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Cookies View Policy

Subscribe To Our Newsletter
Be the first to get latest Reverse Industry updates and exclusive HECMWorld.com content straight to your email inbox.
Your information will never be shared.