[tag]California[/tag] remains the dominate power in the [tag]Home Equity[/tag] Conversion Mortgage (HECM) market accounting for four of the five top locations for [tag]HECM[/tag] originations through the first eight months of 2006. Together, the top five locations saw 16,032 HECM originations or 29.4% of the total 54,512 loans orinated so far in 2006. For the same period in 2005, 29,660 [tag]HECM loans[/tag] were originated equating to nearly an 84% year-over-year rate of growth.

A list of HECM originations through August 2006 by federal originating office is shown below:

Home Equity Conversion Mortgage Originations by Location for Current Calendar Year

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Rank Federal Office Endorsed Loans 1 [tag]SANTA ANA[/tag] 4251 2 [tag]LOS ANGELES[/tag] 4224 3 [tag]SACRAMENTO[/tag] 2550 4 [tag]CORAL GABLES[/tag] 2531 5 [tag]SAN FRANCISCO[/tag] 2476 6 [tag]PHOENIX[/tag] 1830 7 [tag]FRESNO[/tag] 1776 8 [tag]NEW YORK[/tag] 1720 9 [tag]BOSTON[/tag] 1579 10 [tag]TAMPA[/tag] 1420 11 DENVER 1351 12 SAN DIEGO 1298 13 CHICAGO 1136 14 SEATTLE 1121 15 PORTLAND 1115 16 PHILADELPHIA 1108 17 HARTFORD 1082 18 BALTIMORE 1069 19 ORLANDO 1047 20 NEWARK 1031 21 LAS VEGAS 919 22 WASH. D. C. 915 23 HOUSTON 913 24 RICHMOND 876 25 DETROIT 761 26 MINN. ST. PAUL 751 27 CAMDEN 721 28 JACKSONVILLE 718 29 DALLAS 695 30 FT. WORTH 689 31 ATLANTA 600 32 GREENSBORO 517 33 CLEVELAND 506 34 INDIANAPOLIS 459 35 SAN ANTONIO 446 36 GRAND RAPIDS 409 37 SALT LAKE CITY 406 38 ST. LOUIS 379 39 HONOLULU 374 40 MILWAUKEE 349 41 BOISE 348 42 ALBANY 310 43 LUBBOCK 279 44 MANCHESTER 275 45 COLUMBIA 271 46 KANSAS CITY 249 47 PITTSBURGH 249 48 BUFFALO 245 49 ALBUQUERQUE 243 50 PROVIDENCE 231 51 RENO 223 52 BANGOR 213 53 BIRMINGHAM 209 54 FLINT 203 55 TUCSON 202 56 TULSA 180 57 SPRINGFIELD 173 58 OMAHA 169 59 KNOXVILLE 147 60 LITTLE ROCK 140 61 OKLAHOMA CITY 140 62 COLUMBUS 140 63 DES MOINES 137 64 WILMINGTON 131 65 CINCINNATI 126 66 CASPER 118 67 LOUISVILLE 118 68 HELENA 115 69 NEW ORLEANS 114 70 SPOKANE 102 71 NASHVILLE 93 72 TOPEKA 88 73 CHARLESTON 70 74 SIOUX FALLS 64 75 BURLINGTON 62 76 SHREVEPORT 61 77 MEMPHIS 56 78 JACKSON 48 79 FARGO 29 80 ANCHORAGE 22 81 CARIBBEAN 1

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The information published and opinions expressed here are for informational purposes only. Nothing contained herein constitutes financial, legal, tax, or other advice. Important financial decisions should only be made after obtaining advice from a qualified expert familiar with your specific circumstances.

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