FHA Outlook Report Shows Projected HECM Volume Up
December 14th, 2008 | by admin Published in FHA, News, Reverse Mortgage | 2 Comments
According to the most recent FHA Outlook report, HUD is predicting that the reverse mortgage industry will endorse 210,000 HECMs in Fiscal Year 2009. The prediction is 97,846 endorsements higher than the FY 2008 volume from the report.
FHA’s Outlook report shows a semi-monthly statistical summary of application insurance endorsement, delinquency and claim information on FHA single family programs which includes HECMs. It also breaks out data for specific programs of current interest and compares last year’s activity with current projections.
Below is a snapshot of the HECM data from the report. 
To see a copy of the full report click the link below.
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December 14th, 2008 at 11:25 pm (#)
These numbers just don’t add up. As I wrote today on Reverse Mortgage Observer, monthly volume is way off the mark and with values continuing to decline, I don’t see how a 17,500 loan per month run rate is achievable for 2009.
http://www.reversemortgageobserver.com/fha-outlook-for-hecm-volume-is-out-of-touch-with-reality
December 15th, 2008 at 9:23 am (#)
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