There were 5,771 HECM endorsements in January, the highest monthly tally since January 2018. Philadelphia saw the largest monthly increase of 36.4%, with 723 endorsements. Santa Ana, Denver, and Atlanta saw increases from December of 11.5%, 4.6%, and 2.4% respectively. Our report can be found here: NV Endorsement 2022_01.
HUD’s December Endorsement Snapshot Report was just released on its website. Fairway finished calendar 2021 with 1,684 loans sponsored by another party, South River Mortgage was second with 1,594 units, and Ennkar was third with 965.
New View Advisors continues to offer its Who Buys What From Whom (WBWFW) report as part of our endorsement report subscription. The report compiles publicly available Ginnie Mae data to show which HMBS issuers buy HECMs from which lenders.
The WBWFW report includes:
*Top Originators – a ranking by original HECM UPB of all lenders over the last twelve months
*WBWFW – an alphabetical cross-reference between every lender and the HMBS issuer that securitizes its loans
*Top 100 Trends – a breakdown of loan sales by month, by Top-100 lender, by HMBS issuer.
Edited samples from this month’s WBWFW report are at the end of our endorsement writeup. These reports together provide accurate insight for sales and marketing teams to learn just who’s buying what from whom. The dataset is more complete and timely than what endorsement analysis alone can show.
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