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.

November 1-15, 2008 Current bi-weekly