NRMLA Washington Report

Another Big Month in June
The U.S. Department of Housing and Urban Development endorsed 7,572 reverse mortgages in June and 55,659 thru the nine months of fiscal year 2006. FHA endorsed 43,131 loans for all of FY2005. Year-to-date totals represent a 83 percent increase over the 30,404 loans endorsed during the same period last year. To view the latest HECM Activity Report, please visit NRMLAOnline.org.