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Home » HECM Endorsements Up in 4Q, Down from ‘13
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HECM Endorsements Up in 4Q, Down from ‘13

March 6, 2015
Endorsements of FHA-insured reverse mortgages jumped 31.7 percent in the fourth quarter of 2014 from the previous quarter with purchase HECMs accounting for more than 22 percent of the total. On the other hand, endorsements were down 9.1 percent year-over-year because of new restrictive HECM rules that were implemented last year. Endorsements totaled $13.9 billion for the year. All top five HECM lenders posted sequential gains. Leader American Advisors Group had a 12-month total of $2.0 billion, representing 14.7 percent of the market. Second-ranked Reverse Mortgage Solutions closed out the year with $1.0 billion in total endorsements and a 7.4 percent market share. One Reverse Mortgage, Liberty Home Equity Solutions and Proficio Mortgage Ventures comprised ... [1 chart}
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