Pricing exceptions are widespread in mortgage — and so are the regulatory risks

Read Now

FHA Outlook Report Shows Reverse Mortgage Volume Up

image At the National Reverse Mortgage Lenders Association meeting last week in Chicago, most people were pretty optimistic about their business for the rest of 2009.  HUD’s FHA outlook report mirrors the optimistic outlook by showing that during FY 2009, 85,548 HECM applications have been taken, up 16.1% compared to last year.

The report also shows total endorsements are up 4.8% for FY 2009 at 57,856.  Other notes from the report:

  • 67 HECM for purchases have closed in FY 2009
  • HECM to HECM refinances are up 2.7% compared to FY2008

Click on the image below to see more HECM details from HUDs Outlook Report.


Technorati Tags: ,,,,

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular Articles

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please