Reverse Mortgage Statistics
The following section contains statistics for the FHA Home Equity Conversion Mortgage program.
Exclusive HECM Endorsement Analysis
October 9, 2008
Following is a more detailed analysis of the monthly HECM data published by HUD prepared by Reverse Market Insight.
Annual HECM Production Chart
The following page shows annual HECM production from 1990 to the present by federal fiscal year and by calendar year from 2001 onward.
Monthly HECM Production-2008 Record Year
October 1, 2008
FHA endorsed 9,494 reverse mortgages in September, bringing the total amount for fiscal year 2008 to a record 112,154. By comparison, FHA insured 7,695 loans in September 2007 totaling a then-record 107,558.
Detailed HECM Data By State, Borrower Characteristics
September 15, 2008
Below is data provided by HUD that includes loan endorsements by state from 1990 to the present, interest rate and borrower statistics.
All materials copyrighted © 2008 National Reverse Mortgage Lenders Association.