In a prior post we examined evolution of the HECM market over the past two years (ended 10/31/06 and 10/31/07) focusing on the geographic location of HUD home equity conversion mortgage endorsements. The table below examines the evolution of lenders’ HECM market shares and growth over the same time frame.

Some observations:

Market share among the “top 50″ lenders has shrunk from 73.2% to 63.1%. Most of this shrinkage is explained by the drop in market share experienced by Wells Fargo (rom 30% to 21%).

Seven of this year’s Top 10 lenders were also in the Top 10 one year ago. Three new members of the Top 10 (Vertical Lend, Omni home Financing, and Urban Financial all had HECM activity growth in excess of 100% during this period.

BNY Mortgage saw HECM activity fall 22.7% and its Top 10 ranking go from #5 to #8 despite being the originator of the HECM 100 which was very popular earlier this year.

Overall, Top 50 lenders saw HECM activity grow 15% while lenders not in the Top 50 saw overall growth of 84%.

Social tagging: HECM 100 > HECM activity > hecm lenders > HECM research > HECM statistics > Reverse Mortgage Lenders

A Few More Related Articles of Interest:

HECM Markets Thru June 30

HECM Market Comparison 10/31/2007 vs 10/31/2006

HECM Growth Projections from CBO

Annual HECM Activity Surpasses 100K for First Time

Top HECM Lenders for First Half of Year