Mine was doing the same thing and last year started wrapping the halyard at the top. I have the original Hood unit. Over the years it developed multiple problems. First, there was a "puck" that goes around the stay and the drum rides on it to keep it above the turnbuckle. Also the bushing between the drum unit and the extrusion had disintegrated. Up top I ended up installing a halyard restrainer on the mast changing the angle of the halyard to the top roller. Test sail this weekend and she was smooth as silk.