The growing popularity of reverse mortgages was evident again in June with 7,572 originations of the popular [tag]HUD[/tag] [tag]HECM[/tag] reverse mortgage. Although down somewhat from the record 8,414 originations in May 2006, the June figure still represents a 135% increase over the 3,228 originations made during June 2005. The growth trend is further evident comparing the twelve-month periods ending each June over the last three years:

HUD HECM Loan Originations (12 - Month Period Ended June)
2004	2005	2006
32,731	41,391	68,414
	+26.5%	+65.3%

On a calendar year basis, 40,910 HECM [tag]reverse mortgages[/tag] have been endorsed so far in 2006 compared to 20,989 for the same period in 2005.

Other reverse mortgage statistics about HUD HECM [tag]loan activity[/tag] - including [tag]top lenders[/tag], top markets - is available by using our free Reverse Mortgage Activity data base tool.

Social tagging: HECM activity > HECM research > HECM statistics

A Few More Related Articles of Interest:

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