August HECM Figures Released

August HECM Figures Released,

According to figures recently released by HUD, the number of HECM reverse mortgages endorsed during the month of August was down 14% from July, once again repeating the “up-down” alternating monthly pattern evident since February of this year. Still, the August total of 9,006 HECM endorsements represents only the fifth time that monthly HECM totals have surpassed the 9,000 mark and is a 46% increase over the number of HECM reverse mortgage mortgages endorsed in August 2006.

Total HECMs endorsed so far in 2007 are 75,904 a 39% increase over the 54,512 HECMs endorsed in the first eight months of 2006. (more…)

Full post here Reverse Mortgage Information

Written by News & Feeds on September 14th, 2007 with comments disabled.
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