Reverse Mortgage Growth Sputters in September

Reverse Mortgage Growth Sputters in September,

The number of HECM reverse mortgage endorsements moved lower for the second consecutive month in September. The 7,695 HECM loans endorsed in September was the lowest monthly total since November 2006 and represented a steep 14% drop below the 12-month moving average trend line for HECM loan growth. (more…)

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Written by News & Feeds on October 7th, 2007 with comments disabled.
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