Data for the first six months of 2006 shows reverse mortgage activity dominated by the [tag]California reverse mortgage[/tag] market. Of the top five federal offices for [tag]HECM[/tag] processing, four are [tag]California[/tag] locations: Santa Ana, Los Angeles, Sacremento and San Francisco. Together with two other Golden State offices (Fresno and San Diego), the California [tag]HUD[/tag] offices accounted for 12,212 endorsed [tag]HECM loans[/tag], or 30% of the nationwide total of 40,910.
Here’s the complete list of HECM [tag]reverse mortgage[/tag] endorsements by location:
Home Equity Conversion Mortgage Originations by Location for Current Calendar Year