REVERSE MORTGAGE INFORMATION: Tools, News and Resources to Help Seniors Decide

California Reverse Mortgage Market is Hot

Print This Post Print This Post

 Subscribe in a reader


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

Rank Federal Office Endorsed Loans
1 SANTA ANA 3127
2 LOS ANGELES 3088
3 CORAL GABLES 1921
4 SACRAMENTO 1889
5 SAN FRANCISCO 1805
6 NEW YORK 1365
7 FRESNO 1340
8 PHOENIX 1240
9 BOSTON 1226
10 DENVER 1049
11 SAN DIEGO 963
12 TAMPA 958
13 CHICAGO 913
14 HARTFORD 870
15 PHILADELPHIA 835
16 PORTLAND 810
17 SEATTLE 810
18 BALTIMORE 809
19 ORLANDO 788
20 NEWARK 779
21 LAS VEGAS 699
22 RICHMOND 685
23 WASH. D. C. 679
24 HOUSTON 676
25 DETROIT 632
26 MINN. ST. PAUL 568
27 CAMDEN 538
28 JACKSONVILLE 520
29 DALLAS 508
30 FT. WORTH 503
31 ATLANTA 449
32 GREENSBORO 420
33 CLEVELAND 402
34 INDIANAPOLIS 371
35 SALT LAKE CITY 322
36 GRAND RAPIDS 319
37 SAN ANTONIO 313
38 MILWAUKEE 289
39 ST. LOUIS 281
40 HONOLULU 260
41 BOISE 249
42 ALBANY 240
43 COLUMBIA 221
44 MANCHESTER 221
45 PITTSBURGH 203
46 BUFFALO 201
47 LUBBOCK 185
48 ALBUQUERQUE 182
49 RENO 176
50 BANGOR 171
51 FLINT 170
52 PROVIDENCE 168
53 KANSAS CITY 165
54 BIRMINGHAM 154
55 TUCSON 153
56 TULSA 138
57 SPRINGFIELD 132
58 OMAHA 126
59 COLUMBUS 113
60 KNOXVILLE 111
61 LITTLE ROCK 110
62 LOUISVILLE 107
63 WILMINGTON 101
64 OKLAHOMA CITY 99
65 CINCINNATI 99
66 NEW ORLEANS 97
67 DES MOINES 92
68 CASPER 91
69 HELENA 83
70 SPOKANE 74
71 NASHVILLE 71
72 TOPEKA 68
73 SHREVEPORT 55
74 BURLINGTON 49
75 CHARLESTON 47
76 SIOUX FALLS 46
77 MEMPHIS 44
78 JACKSON 40
79 FARGO 21
80 ANCHORAGE 17
81 CARIBBEAN 1
Social tagging: >

A Few More Related Articles of Interest:

Leave a Reply