HECM reverse mortgage loan data for the first three months of 2007 reveal that east coast markets (particularly those in Florida) are challenging California markets as leaders in HECM reverse mortgage activity. The table below ranks the top 10 Federal Office locations for HECM endorsements in 2006 and shows how these rankings have changed in the first quarter of 2007:

Points worth noting:

• Coral Gables (Miami MSA) has surpassed the LA and Santa Ana California offices as the leader in HECM endorsements;
• The Tampa Florida office has zoomed from 10th place to fourth place in the rankings;
• Of the top 5 Federal Offices for 1Q 2007, two are in Florida and two are in California with the fifth being Boston. In 2006, four of the top five positions were California markets; thus far in 2007, three of the top five spots are east coast offices.

More information on HECM loan activity is available using our HECM Loan Data tool.

Social tagging: California Reverse Mortgages

A Few More Related Articles of Interest:

Heatmap Compares HECM Activity: 2007 vs 2006

May HECM Activity Rebounds

Other Reverse Mortgage Calculators

HECM Lender Comparison 10/31/2007 vs 10/31/2006

HECM Market Comparison 10/31/2007 vs 10/31/2006