After slipping in April, HECM reverse mortgage loan endorsements (as reported by HUD) posted their second strongest month ever in May. A total of 10,409 HECM loans were endorsed in May. This was only the second time that monthly loan activity has surpassed the 10,000 mark. In March, 10,888 HECM loans were endorsed - the highest ever monthly total. For the most recent 12-month period (June 2006 - May 2007), the average monthly HECM volume was 8,117, the first time this measure has surpassed the 8,000 level.

Year-to-date, a total of 47,511 HECMs were endorsed through May - a 42.5% increase over the 33,338 loans endorsed in same period in 2006. Following is a summary of HECM loan activity since 2002 organized by HUD office location and sorted in order of total HECM loan activity during this period:

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