HECM endorsements edged up less than 1% in November, to 2,408 loans. Among the top three originators, which together originate more than half of all HECMs, Mutual of Omaha Mortgage and Finance of America Reverse experienced declines of 9.0% and 1.9% respectively, while Longbridge Finance saw an increase of 1.7%.
HUD’s October Endorsement Snapshot Report was also just released. Atlantic Avenue Mortgage remains the leader in wholesale origination.
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