Top HECM Lenders in 2007 Update
August 1st, 2007 | by admin Published in HECM, News, Products, Reverse Mortgage, Top HECM Lenders | 1 Comment
Below are the top HECM lenders through June of 2007. Remember this list doesn’t include any proprietary products.
| Rank | Company | HECM Units |
All of this information is gathered from the Reverse Mortgage Information website. Also, be sure to check out his post on how July was the second best month for HECM endorsements.
July saw 10,462 Home Equity Conversion Mortgages (HECM) endorsed by HUD making it the second best month on record for HECM endorsements. (10,888 HECMs were endorsed in March 2007.)
For all of 2007, a total of 66,898 HECM reverse mortgages have been endorsed - a 41% jump over the 47,285 HECM loans endorsed in the first seven months of 2007. For the 12-month period ended July 2007, 105,252 HECMs were endorsed, a 47% increase over the 71,650 loans endorsed in the 12-month period ended July 2006. On average over the last 12 months, 8,771 new HECM loans have been endorsed each month.
You can also use our HECM loan data tool to analyze HECM endorsement data further. The database now includes HECM loans endorsed between September 2001 through July 2007.
Technorati tags: Reverse Mortgage News, Reverse Mortgage, Top HECM Lenders, HECM, FHA, HUD
November 7th, 2007 at 12:23 pm (#)
[…] R. Yedinak, a loan officer in Chicago who writes a blog called the Reverse Mortgage Daily had an interesting graph illustrating the recent rise in HUD backed reverse mortgages. It shows a […]