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

HECM Activity Shows Moderate Rebound But Still Disappoints

Written by admin on Thursday, November 1st, 2007 in HECM, HECM Research Statistics, Reverse Mortgage Summary Charts.

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October HECM activity rebounded somewhat from the sharp falloff seen in September, but remained well below the 12-month average. According to HECM MIC reports recently issued by HUD, 8,417 HECMs were endorsed in October, a 9% increase from September’s total of 7,695. But the October total fell about 6 percent under the 12-month moving average of 8,938 monthly HECM endorsements and was, surprisingly, about four percent lower than the 8,789 HECM’s endorsed one year ago in October 2006. (more…)

HECM Loans - Top Markets for Current Month

Written by admin on Tuesday, April 17th, 2007 in Reverse Mortage.

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Following is a listing of the top markets for FHA-insured Home Equity Conversion Mortgages (HECM) so far this year.

Rank	Federal Office	Endorsed Loans
1	MIAMI	873
2	SANTA ANA	365
3	TAMPA	358
4	LOS ANGELES	340
5	PHOENIX	328
6	BALTIMORE	320
7	ORLANDO	291
8	PHILADELPHIA	273
9	RICHMOND	262
10	PORTLAND	259
11	SACRAMENTO	244
12	CHICAGO	227
13	JACKSONVILLE	226
14	BOSTON	224
15	SEATTLE	223
16	NEW YORK	208
17	SAN FRANCISCO	193
18	NEWARK	192
19	ATLANTA	179
20	WASH DC	172
21	FRESNO	170
22	CAMDEN	150
23	DENVER	143
24	SALT LAKE CITY	139
25	HOUSTON	135
26	LAS VEGAS	134
27	DALLAS	128
28	GREENSBORO	128
29	HARTFORD	124
30	FT WORTH	124
31	DETROIT	120
32	SAN ANTONIO	116
33	SAN DIEGO	112
34	MILWAUKEE	93
35	ST LOUIS	84
36	INDIANAPOLIS	83
37	COLUMBIA	83
38	BIRMINGHAM	80
39	KANSAS CITY	78
40	MINN ST PAUL	76
41	GRAND RAPIDS	76
42	CLEVELAND	73
43	ALBANY	72
44	BOISE	71
45	LUBBOCK	63
46	TUCSON	60
47	HONOLULU	59
48	LITTLE ROCK	58
49	PITTSBURGH	53
50	ALBUQUERQUE	53
51	OKLAHOMA CITY	50
52	BUFFALO	48
53	NEW ORLEANS	48
54	KNOXVILLE	46
55	CARIBBEAN	42
56	BANGOR	39
57	WILMINGTON	37
58	LOUISVILLE	37
59	FLINT	36
60	PROVIDENCE	34
61	MEMPHIS	33
62	MANCHESTER	33
63	CINCINNATI	33
64	SPOKANE	32
65	COLUMBUS	32
66	RENO	31
67	SPRINGFIELD	29
68	NASHVILLE	26
69	JACKSON	26
70	CHARLESTON	25
71	TULSA	23
72	TOPEKA	21
73	DES MOINES	20
74	HELENA	19
75	OMAHA	17
76	SHREVEPORT	16
77	BURLINGTON	10
78	CASPER	10
79	SIOUX FALLS	8
80	FARGO	5
81	ANCHORAGE	3

HECM Loans - Top Markets for Current Year

Written by admin on Tuesday, April 17th, 2007 in Reverse Mortage.

2 Comments